Mortgages for newcomers to Canada are available to assist them in understanding the Canadian real estate market, as well as the associated costs such as closing and adjustment costs. Instead of renting, newcomers can build equity by purchasing a property and benefit from employment and credit sources. These mortgages offer the option of higher loan amounts, with at least a 20% down payment saved, or more flexibility on down payment with as little as 5% down. Homebuyer incentive programs and down payment assistance options will also be explained. With access to various lenders including banks, mortgage finance companies, credit unions, and alternative financers, a custom-tailored mortgage product can be designed to meet individual needs, even for those with limited credit and employment history. Additionally, innovative tools in Canada are available to ensure an efficient first-time home buying experience.