Mortgages for newcomers in Canada aim to provide assistance in understanding the country's real estate market and its associated costs, such as closing and adjustment costs. Instead of renting, newcomers are encouraged to build equity by benefiting from employment and credit sources. The program offers options for higher loan amounts (over $1 million) with a minimum 20% down payment saved, as well as flexibility with down payment requirements, allowing for as little as 5% down. Homebuyer incentive programs and down payment assistance options will also be explained. Access to a wide range of lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, ensures that a customized mortgage product can be designed to fit individual needs and secure the best rate, even for those with limited credit and employment history. Additionally, innovative tools are available to provide a smooth and efficient first-time home buying experience.