Newcomers to Canada can benefit from mortgages tailored specifically for them, assisting in understanding Canadian real estate and related costs such as closing and adjustment costs. By owning a home, newcomers can build equity instead of renting and take advantage of employment and credit sources. These specialized mortgages offer the best rates and options for higher loan amounts over $1 million, requiring a minimum 20% down payment or as little as 5% down with more flexibility. Homebuyer incentive programs and down payment assistance options will also be explained, with access to a variety of lenders to secure a custom-tailored product at the best possible rate, even for those with limited credit or employment history. Innovative tools are available for a smooth and efficient first-time home buying experience in Canada.