First Time Home Buyers Incentives - Details Of New Introduced First Time Buyers Incentives In Canada

The Liberal Government has announced to increase First Time Home Buyer's Incentive limit to $789,000. There will be 1% Occupancy Tax on Non-Resident and Non-Canadians. The cost of this program will be absorbed by CMHC. The Government has outlined it's plan to make home ownership for first time home buyers more affordable for young Canadians.

The First-Time Home Buyer Incentive (FTHBI), the program offers eligible buyers up to 10% of a home’s purchase price to put toward their down payment, thus lowering mortgage carrying costs and making home ownership more affordable for this first time home buyers.

Ishtiaq Ahmed
Sales Representative
Century 21 Innovative Realty
www.iwillsell.ca