Mortgages for newcomers in Canada aim to help them understand the real estate market and associated costs, such as closing costs and adjustment costs. Instead of renting, newcomers can build equity by taking advantage of employment and credit sources. They can find the best rates and mortgage options, even for loan amounts exceeding $1 million, with at least a 20% down payment or as little as 5% down. Additionally, homebuyer incentive programs and down payment assistance options will be explained. Access to various lenders, including banks, mortgage finance companies, credit unions, and alternative financers, allows for a custom-tailored mortgage product that fits the specific needs and secures the best rate. To ensure an efficient first-time home buying experience, innovative tools are available in Canada.