Mortgages for newcomers to Canada are designed to help them understand the Canadian real estate market and associated costs, such as closing costs and adjustment costs. Instead of paying rent, newcomers can build equity and benefit from employment and credit sources. These mortgages also offer the best rates and options for those looking for higher loan amounts (over $1 million) with a down payment of at least 20%. Additionally, there is flexibility on the down payment, with the option to put down as little as 5% and access to homebuyer incentive programs and down payment assistance options. With access to all of Canada's top lenders, including banks, mortgage finance companies, credit unions, and alternative financers, newcomers can receive a custom-tailored mortgage product at the best rate, even if they don't qualify at their bank due to limited credit and employment history. Furthermore, newcomers can take advantage of innovative tools in Canada to have an efficient and seamless first-time home buying experience.