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Are You a First Time Buyer? Would You Like to Know More About Canada's First Time Homebuyer Incentive?

April 18, 2021 | Posted by: Donna van Lier-Grieve

The new First-Time Home Buyer Incentive allows eligible first-time homebuyers, who have the minimum downpayment for an insured mortgage, to apply to finance a portion of their home purchase through a form of shared equity mortgage with the Government of Canada.

HOW IT WORKS:

• Lower Monthly Mortgage Payments
• Interest-free Incentive Program
• No Pre-payment Penalty
• Newly Constructed Homes eligible for 5% or 10%
• Existing Homes eligible for 5%

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