Newcomers to Canada can benefit from mortgage options tailored to their specific needs, helping them understand the real estate market, closing costs, and adjustment costs. By building equity instead of paying rent, newcomers can take advantage of employment and credit sources to secure higher loan amounts with as little as 5% down payment. Homebuyer incentive programs and down payment assistance options are available to help newcomers navigate the process. With access to Canada's top lenders, including banks, credit unions, and alternative financers, customized mortgage products can be designed to lock in the best rates even with limited credit or employment history. Innovative tools are also available to streamline the first-time home buying experience in Canada.