Mortgages for newcomers to Canada are designed to assist individuals in understanding the Canadian real estate market and the associated costs involved. This includes providing information on closing costs and adjustment costs. By opting for a mortgage, newcomers can build equity rather than paying rent, taking advantage of employment and credit sources. Additionally, these mortgages cater to newcomers looking for higher loan amounts, offering more flexibility on down payment options. Homebuyer incentive programs and down payment assistance options will be explained to potential buyers. Moreover, access to a wide range of lenders, including large banks, mortgage finance companies, credit unions, and alternative fin