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Want more info on our CMHC First Time Home Buyer Incentive? Fill in your information below and our New Home Online Specialist will be in touch.
With the CMHC First Time Buyer’s Incentive, your first home can be yours sooner than you think. Through this incentive, the Government of Canada will reduce your monthly mortgage payments without increasing your down payment. And with no interest or ongoing repayments, homeownership can become a reality while still enjoying the lifestyle you’ve grown to love.
The Link - Townhomes
Octave - Townhomes
The IVY - Inner City Townhomes
Retreat - Townhomes
How does it work?
How much funding from the government will be available?
The total amount of funding will be $1.25 billion over 3 years.
When does this program start?
How does the buyer payback the money?
Is the program offered only through the CMHC?
Who can apply for the CMHC First Time Buyer’s Incentive
A first time home buyer that is either a Canadian citizen, permanent resident or non-permanent resident that is legally authorized to work in Canada with a maximum qualifying income of $120,000