Mortgages for People New to Canada assist newcomers in understanding the Canadian real estate market and associated costs such as closing and adjustment costs. This program helps individuals build equity instead of paying rent, taking advantage of employment and credit sources. It helps newcomers find the best mortgage rates and options, especially for higher loan amounts over $1 million, with at least a 20% down payment saved. Additionally, there is flexibility on down payment options, with as little as 5% down. The program also provides information on homebuyer incentive programs and down payment assistance. Access to various lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers, allows for custom-tailored mortgage products with the best rates, even for those who may not qualify at their bank due to limited credit or employment history. Innovative tools are also provided for an efficient first-time home buying experience in Canada.