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Is the First-Time Home Buyer Incentive a good deal for homebuyers?

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  • Posted Monday, Jun 24, 2019 12:17 pm

Is the First-Time Home Buyer Incentive a good deal for homebuyers?

The details of Ottawa's new First-Time Home Buyer Incentive (FTHBI) are finally out, and the question for any Canadian struggling to afford their first home is: is it a good deal.

Under the program, which was first announced in the federal budget in March, the government is offering an interest-free loan to help homebuyers take out a smaller mortgage and keep monthly repayments lower. New information released on Monday clarified that, when the loan is repaid, the government will also get a share of any gains from the appreciation of the property...[READ MORE]

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