Mortgages for newcomers to Canada aim to provide assistance in understanding Canadian real estate and associated costs, such as closing costs and adjustment costs. The goal is to help individuals build equity rather than paying rent, taking advantage of employment and credit sources. For those looking for higher loan amounts (over $1 million), there are options available with at least a 20% down payment saved and more flexibility on down payment, potentially as low as 5%. Additionally, homebuyer incentive programs and down payment assistance options will be explained. With access to various lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, a custom-tailored product can be designed to suit specific mortgage needs and secure the best rate. Innovative tools are also provided in Canada for a streamlined and efficient first-time home buying experience.