Available Programs

You could be eligible for 2 programs. Fill out the form to see what programs may be available to you.

Program #1: First Time Home Buyer Incentive Program is a Government of Canada plan intended to help first time buyers purchase a home, by making it more affordable by reducing their monthly mortgage payment without increasing their down payment.

Buying New Build Home WITHOUT Incentive Buying New Build Home WITH First Time Home Buyer Incentive Program
Purchase Price $717,900 Purchase Price $717,900
Buyers 5% down payment $35,895 Buyers 5% down payment $35,895
 Mortgage Insurance premium of 4% $27,280 Mortgage Insurance premium of 2.8% $19,096
Additional Down Payment As Shared Equity $0 Additional 10% as shared equity $71,790
You would require a Mortgage of $709,285 You would require a Mortgage of $637,495
Your Monthly payment will be Your Monthly payment will be

Program #2: The Home Buyers’ Plan allows you to take funds out of your Registered Retirement Savings Plan, known as your RRSPs. This means you can borrow up to $25,000 for your downpayment tax-free. What’s more, if you and your partner both have RRSPs, you are each entitled to withdraw this same amount for a total of $50,000

Fill out this form to find available programs.

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