Following the announcement of the First-Time Home Buyer Incentive in Budget 2019, the Government of Canada has just released additional details about the incentive, including eligibility requirements and how the program will be implemented.

About the incentive

     This incentive aims to help first-time homebuyers without adding to their financial burdens, by reducing their monthly mortgage carrying costs. Eligible first-time homebuyers who have the minimum down payment for an insured mortgage, may apply to finance a portion of their home purchase through a shared equity mortgage with the Government of Canada.     Through the First-Time Home Buyer Incentive, the Government of Canada would offer 5% for a first-time buyer's purchase of an existing home, or 5 or 10% for the purchase of a newly constructed home.

Additional Information

CMHC offers valuable tools and information to help consumers prepare when looking to buy a house or condominium in Canada.

Resources for Consumers – Homebuying Guides and Information


Homebuying Step by Step Guide and Workbook (Everything you need to help you buy a home, including worksheets, calculators and checklists)

Condo Buyer's Guide (Detailed information on buying a condominium)

Newcomers' Buying Guides (Homebuying information available in 8 different languages!)


Affordability Calculator (Estimate how much mortgage you can afford)

Debt Service Calculator (Compare monthly debt payments and expenses to income)

Mortgage Calculator (Explore rates, payment frequency, amortization options and more)



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