Excel Homes' guide to the First Time Homebuyer Initiative.
There is something exciting coming to all Canadians starting September 2. The Government of Canada's National Housing Strategy team has developed a new incentive program to assist brand new homebuyers reach their goal of new homeownership. The "First Time Homebuyer Initiative" uses shared equity incentives of 5% or 10% as a pooled resource alongside your regular downpayment to help save less on your monthly mortgage payments.
See the below infographic to learn more about this unique new program. If you found this helpful, share the link with the handy icons above with someone that can learn from it!
Want to learn more about this cool program? Stay up-to-date on the official program's page today.