First-Time Home Buyer Incentive Program
Tuesday Sep 03rd, 2019Share
Have you heard about the new Incentive Program for First-Time Home Buyers? Effective Sept 2, 2019, first-time home buyers can apply for a 5-10% shared equity mortgage with the government on their purchase of a new construction home, resale home or new or resale mobile home.
Here's how it works:
First-Time Home Buyers, who have the minimum down payment for an insured mortgage, apply to finance a portion of their home purchase through a form of shared equity mortgage with the Government of Canada.
- New Homes - 5 or 10% (larger incentive to encourage new construction development to address housing supply shortage)
- Resale Homes - 5%
- New or Resale Mobile Homes - 5%
First-Time Home Buyers that apply can close on their new home as early as November 1, 2019!
Contact me for more details - text or call at 289-387-374. This is great news for First-Time Home Buyers this fall!!!