First-Time Home Buyer Incentive Guide: Eligibility, How It Worked and Program Updates
The First-Time Home Buyer Incentive (FTHBI) was a federal program introduced to help eligible Canadians reduce their monthly mortgage payments when purchasing their first home. The program provided a shared-equity mortgage with the Government of Canada, allowing qualified buyers to borrow a percentage of the home’s purchase price without making ongoing interest payments. Although the…
