Mortgages are available for newcomers to Canada who are interested in understanding the country's real estate market and associated costs. These mortgages help newcomers build equity instead of paying rent, enabling them to benefit from employment and credit sources. There are various options for newcomers, including higher loan amounts over $1 million with at least a 20% down payment saved, as well as more flexibility on down payment requirements with as little as 5% down. Additionally, homebuyer incentive programs and down payment assistance options will be explained to help newcomers make informed decisions. With access to a range of lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, custom-tailored mortgage products can be designed to fit individual needs and secure the best rates, even for those with limited credit and employment history. Innovative tools are available in Canada to ensure an efficient and successful first-time home buying experience.