First-Time Home Buyer Incentive Program
work in Canada. HERE’S AN EXAMPLE Anita wants to buy a home . for $400,000. Through the Incentive, Anita can apply to receive $40,000 in a shared equity mortgage (10% of the cost of a new home) through the program, on top of the minimum required down payment of $20,000 (5% of the purchase price) from savings. This lowers Anita’s mortgage ... ................
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