Mortgages for People New to Canada aims to help newcomers understand the Canadian real estate market and associated costs, such as closing costs and adjustment costs. The program encourages individuals to build equity instead of renting, taking advantage of employment and credit sources. It provides information on the best rates and mortgage options for newcomers, including those looking for higher loan amounts over $1 million. Down payment flexibility is offered, with options ranging from a 20% saved down payment to as little as 5% down. Homebuyer incentive programs and down payment assistance are explained as well. The program has access to Canada's top lenders, including banks, mortgage finance companies, credit unions, and alternative financers, ensuring custom-tailored mortgage solutions even for those with limited credit and employment history. Innovative tools are available to facilitate a smooth first-time home buying experience in Canada.