Mortgages for People New to Canada aims to assist newcomers in understanding the Canadian real estate market and its associated costs, such as closing costs and adjustment costs. The program encourages newcomers to build equity rather than pay rent, taking advantage of their employment and credit sources. It offers the best rates and mortgage options for those seeking higher loan amounts (over $1 million) and have saved at least a 20% down payment. There is also flexibility on down payment, with options as little as 5% down. The program provides information on homebuyer incentive programs and down payment assistance options. Additionally, access to all of Canada's top lenders, including banks, mortgage finance companies, credit unions, and alternative financiers, ensures a custom-tailored mortgage solution with the best interest rate. The program also offers innovative tools to enhance the efficiency of the first-time home buying experience in Canada.