Mortgages for People New to Canada aim to assist newcomers in understanding the Canadian real estate market and associated costs such as closing costs and adjustment costs. The program encourages newcomers to build equity rather than pay rent, taking advantage of employment and credit sources. It offers the best rates and mortgage options for those seeking higher loan amounts (over $1 million) with a minimum 20% down payment saved, and provides more flexibility on down payment requirements by allowing as little as 5% down. The program also educates newcomers about homebuyer incentive programs and down payment assistance options. With access to various lenders including banks, mortgage finance companies, credit unions, and alternative financiers, Mortgages for People New to Canada ensures customized products that meet individual mortgage needs at the best rate available, even for those with limited credit and employment history. Additionally, the program provides access to innovative tools for an efficient first-time home buying experience in Canada.