DiMascio Group

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Debbie@DiMascioGroup.com

RE/MAX Escarpment Realty Inc., Brokerage

Demystifying the First Time Home Buyer Incentive

Wednesday Sep 25th, 2019

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As Canadians continue to struggle with high housing prices, the federal government has stepped in to help carry the weight of those hefty mortgage payments with the First Time Home Buyer Incentive. Trudeau has earmarked $1.25 billion in funding to the program over the next three years. The First Time Home Buyer Incentive took effect on Sept. 2, 2019, but confusion continues to swirl. Is this a loan? With no interest or regular payments? And no definitive dollar amount to be repaid?? To... [read more]

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