Newcomers to Canada can benefit from specialized mortgage options that help them understand the real estate market, closing costs, and adjustment costs. By building equity instead of renting, newcomers can take advantage of employment and credit sources to secure higher loan amounts with at least 20% down payment saved. Additionally, flexibility on down payment options with as little as 5% down is available. Homebuyer incentive programs and down payment assistance options will be explained, while access to various lenders allows for a custom-tailored mortgage product that locks in the best rate. Innovative tools in Canada make for an efficient first-time home buying experience.