Mortgages for People New to Canada aim to assist newcomers in understanding the Canadian real estate market and its associated costs, such as closing costs and adjustment costs. By choosing a mortgage over renting, newcomers can build equity and benefit from employment and credit sources. The program offers the best rates and mortgage options for those looking for higher loan amounts, with at least a 20% down payment saved. Additionally, flexible down payment options are available, with as little as 5% down. Homebuyer incentive programs and down payment assistance options are also explained to prospective buyers. Through access to a wide range of lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, a custom-tailored mortgage product can be designed to meet the specific needs of each newcomer, even if they do not qualify at their bank due to limited credit or employment history. Innovative tools in Canada are also provided to ensure an efficient first-time home buying experience.