Mortgages for newcomers to Canada aim to educate them about the Canadian real estate market, including closing costs and adjustment costs. They encourage newcomers to build equity instead of paying rent, taking advantage of employment and credit opportunities. These mortgages help newcomers find the best rates and options, even for loan amounts over $1 million, with at least a 20% down payment saved. They also offer flexibility on down payment, allowing as little as 5% down. Homebuyer incentive programs and down payment assistance options are explained to newcomers. With access to various lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, these mortgages provide custom-tailored solutions and the best rates. Innovative tools are offered to ensure an efficient first-time home buying experience in Canada.