Incentive First Time Home Buyers
September 4 2019 Posted by Kenzie MacDermid
The First-Time Home Buyer Incentive is now available!
This shared equity program provides 5% of the cost of an existing home or 10% of a new home for first-time buyers with a minimum 5% down for an insured mortgage.
With the maximum allowable household income of $120,000, the top purchase price would be approximately $505,000 with 5% down.
Detailed information available here - https://www.placetocallhome.ca/…/first-time-homebuyer-incen…
It's complicated. Best to talk to your broker to see if you could benefit.