Newcomers to Canada can benefit from mortgages tailored to their needs, helping them navigate the real estate market and associated costs. Instead of renting, newcomers can build equity by finding the best rates and mortgage options for higher loan amounts with a down payment of at least 20% or as little as 5%. Homebuyer incentive programs and down payment assistance options are also available. With access to a variety of lenders, including banks, credit unions, and alternative financiers, a custom-tailored mortgage product can be designed to meet individual needs and secure the best rate, even for those with limited credit and employment history. Take advantage of innovative tools in Canada for a smooth first-time home buying experience.