First Time Homebuyer incentive

First Time Homebuyer incentive

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

  • Lower monthly mortgage payments
  • Interest-free incentive program
  • No pre-payment penalty
  • Newly constructed homes eligible for 5% or 10%
  • Exisiting homes eligible for 5%
“Canada’s First Time Homebuyer marketing sheet”