Newcomers to Canada can benefit from mortgages tailored to their specific needs, helping them navigate the real estate market and associated costs. By building equity through homeownership rather than renting, newcomers can take advantage of employment opportunities and credit sources. With access to various lenders, including major banks and alternative financiers, newcomers can find the best rates and mortgage options for loans over $1 million with flexible down payment options. Homebuyer incentive programs and down payment assistance options are also available to assist newcomers in purchasing their first home. Additionally, innovative tools are accessible to streamline the home buying process for a more efficient experience.