First-Time Home Buyer Incentive

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The First-Time Home Buyer Incentive helps qualified first-time homebuyers reduce their monthly mortgage carrying costs without adding to their financial burdens.

How it all works...

Learn About the Program

Determine Your Eligibility

  • Contact a lender/mortgage professional
  • Review program requirements and ensure that this is for you.
  • Try the self-assessment tool.

Choose Your Incentive and Apply

Repayment

  • Early payout options in full are available at any point in the duration of the 25 years.
  • Learn more about fair market value and how this will help you calculate repayment.
  • Calculate the fair market value of your home and multiply it by the percentage of the Incentive you received.

 

If you require more information, contact the First-Time Home Buyer Incentive information line at 1-877-884-2642 or https://www.placetocallhome.ca/fthbi/first-time-homebuyer-incentive