Mortgages for newcomers in Canada aim to assist them in understanding the country's real estate market along with the associated costs such as closing costs and adjustment costs. The goal is to help these individuals build equity instead of paying rent by leveraging their employment and credit sources. For those seeking higher loan amounts (over $1 million), there are options available with a minimum down payment of 20%, while others can benefit from more flexibility with a down payment as low as 5%. Additionally, potential homebuyers will be guided through the various incentive programs and down payment assistance options. With access to all major lenders and financial institutions, a tailored mortgage product can be designed to meet individual needs, even if there are constraints such as limited credit or employment history. Finally, newcomers can take advantage of innovative tools in Canada to ensure a seamless and efficient first-time home buying experience.