Mortgages for People New to Canada aim to help newcomers understand the Canadian real estate market and the associated costs involved, such as closing and adjustment costs. By building equity instead of paying rent, newcomers can take advantage of employment and credit sources. The program also assists in finding the best rates and mortgage options for those looking for higher loan amounts (over $1 million) with a minimum of 20% down payment saved, while also offering flexibility with a down payment of as little as 5%. In addition, homebuyer incentive programs and down payment assistance options are explained. With access to a wide range of lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, a custom-tailored mortgage solution can be designed to suit individual needs, even for those with limited credit and employment history. This program also provides access to innovative tools for a more efficient first-time home buying experience in Canada.