First Time Homebuyer incentive

The new First-Time Home Buy Incentive allows eligible first-time homebuyers, who have the minimum down payment 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.

• 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%

“Canada’s First Time Homebuyer marketing sheet”