Mortgages for people new to Canada are available to assist newcomers in understanding the Canadian real estate market and associated costs, such as closing costs and adjustment costs. By opting for a mortgage instead of renting, newcomers can build equity while benefiting from employment and credit sources. Those looking for higher loan amounts (over $1 million) with a minimum of 20% down payment saved can find the best rates and mortgage options. Additionally, there is more flexibility on the down payment, with the possibility of putting down as little as 5%. These mortgages also provide information on homebuyer incentive programs and down payment assistance options. Access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, allows for custom-tailored mortgage options that lock in at the best rate, even for individuals with limited credit and employment history. Innovative tools in Canada are also provided, ensuring an efficient first-time home buying experience.