Newcomers to Canada can benefit from mortgage options tailored to their needs, helping them understand the real estate market, closing costs, and adjustment costs. By building equity instead of renting, individuals can take advantage of employment and credit sources to secure the best rates for higher loan amounts over $1 million. With a minimum down payment of 5% and access to homebuyer incentive programs, newcomers can find assistance with down payments and explore a variety of options from top lenders, including large banks, credit unions, and alternative financers. Even with limited credit or employment history, customized products can be designed to secure the best rate and ensure a smooth first-time home buying experience in Canada.