Tag Archive: First-Time Home Buyer Incentive

If you’ve been waiting for details about the First-Time Home Buyer Incentive (FTHBI) program, hoping it would help you qualify for a mortgage, you may be disappointed. The government finally showed all its cards with the FTHBI scheme and we can’t find many cases where it would actually improvesomeone’s buying power—i.e., bridge the gap between high home prices and what...

After all the build-up, Canada’s federal budget is finally here. There was no easing to maximum mortgage amortizations or the mortgage stress test, as some had expected. What the government did was throw Canadian mortgage shoppers two bones, with lots of strings attached. Here’s a detailed look at two of the ways the Liberal government proposes to “ease” housing affordability....