Mortgages for newcomers to Canada aim to provide assistance in understanding the Canadian real estate market and associated costs, such as closing costs and adjustment costs. The goal is to help them build equity rather than paying rent, taking advantage of employment and credit sources. Additionally, these mortgages offer the option of finding the best rates and mortgage options for higher loan amounts (over $1 million) with a minimum down payment of 20%, or as little as 5% for more flexibility on down payment. Homebuyer incentive programs and down payment assistance options will be explained. With access to various lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, a custom-tailored mortgage product can be designed to meet individual needs and secure the best rate, even for those who may not qualify at their bank due to limited credit and employment history. Innovative tools are also available in Canada to ensure an efficient experience for first-time homebuyers.