First-Time Home Buyer Incentive
The First-Time Home Buyer Incentive helps qualified first-time homebuyers reduce their monthly mortgage carrying costs without adding to their financial burdens.
This initiative is designed to help young Canadians access home ownership in a fiscally responsible and affordable way. Statistically this is the demographic group with the lowest percentage of homeownership.
There are a few qualifiers to apply for this incentive:
- you need to have the minimum down payment to be eligible
- your maximum qualifying income is no more than $120,000
- your total borrowing is limited to 4 times the qualifying income
If you meet these criteria, you can then apply for a 5% or 10% shared equity mortgage with the Government of Canada. A shared equity mortgage is where the government shares in the upside and downside of the property value.
Want to learn more about buying your first home?
Ask a BILD Lethbridge Builder Member or online at
LETHBRIDGE, AB (March 4, 2022) – On March 4, 2022 the Building Industry & Land Development Association (BILD) - Lethbridge Region hosted their 23rd annual Awards of Excellence in Housing and present 31 awards to the highest scoring developers, renovators, home...read more
Click HERE to registerread more
All interested parties please send resume and cover letter to email@example.com more