Mortgages are available to assist newcomers in Canada in understanding real estate costs and options, allowing them to build equity instead of renting. With access to various lenders, including those offering higher loan amounts with flexible down payment options, newcomers can benefit from homebuyer incentive programs and down payment assistance. Custom-tailored mortgage products can be designed to meet individual needs, even for those with limited credit or employment history. Innovative tools are available for a smooth and efficient first-time home buying experience.