First-Time Home Buyer Incentive to Become More Useful in Select Markets

First-time homebuyers in three of Canada’s most expensive housing markets will soon have an easier time qualifying for the First-Time Home Buyer Incentive (FTHBI).

The government’s recent Fall Economic Statement included changes that will ease eligibility criteria for first-time buyers in Toronto, Vancouver and Victoria. The changes were first announced in September 2019, but are now expected to come into effect in spring 2021, the government said.

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  December 4, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/12/first-time-home-buyer-incentive-to-become-more-useful-in-select-markets/