Buying your first home just became more affordable.

with the First Time Home Buyer Incentive

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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.

We know that buying your first home can be one of the biggest purchases of your life.

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.

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Take a peek at our infograph to learn the basics. 

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Learn More About This Exciting, Limited Time Program at Homebuyer School

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Own your first home in one of these great communities

  • Multi-Family
  • Single Family
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Regatta - Condos and Townhomes

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Chinook Gate

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Livingston

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Cranston’s Riverstone

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Seton

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Symons Gate

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FAQ's

  1. 1
    Through a shared equity mortgage, first time home buyers can apply to finance a portion of their home with the Government of Canada, reducing their mortgage payments without increasing their down payment.
  2. 2

    The total amount of funding will be $1.25 billion over 3 years.

     

  3. 3
    The program is expected to be launched on September 2nd, 2019. Agreements written after September 2nd with a possession no earlier than November 1st, 2019 will be considered.
  4. 4
    At any time, the buyer can repay the incentive without paying a pre-payment penalty. The buyer will have to repay the incentive before the home is sold or within 25 years.
  5. 5
    The Government of Canada provides the incentive and the application approval are done by a financial institution facilitated by the CMHC
  6. 6

    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

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