Mortgages for People New to Canada are designed to assist newcomers in understanding the Canadian real estate market and associated costs, such as closing and adjustment costs. These mortgages aim to help individuals build equity rather than pay rent, taking advantage of employment and credit sources. They also offer the opportunity to find the best rates and mortgage options for newcomers seeking higher loan amounts (over $1 million) with a down payment of at least 20%, or even as little as 5% with more flexibility. Additionally, homebuyer incentive programs and down payment assistance options will be explained. Access to Canada's top lenders, including banks, mortgage finance companies, credit unions, and alternative financers, allows for custom-tailored products that meet specific mortgage needs and secure the best rates, even for those with limited credit and employment history. Innovative tools are also available to ensure an efficient first-time home buying experience in Canada.