Homebuyers Shun CMHCs First-Time Home Buyer Incentive
The federal government’s First-Time Home Buyer Incentive (FTHBI) was meant to offer a path to homeownership for those unable to tap the “Bank of Mom and Dad” for down payment assistance.
But first-time buyers have largely rejected the equity-sharing program that was first unveiled in September 2019, according to data tabled in Parliament and published by iPolitics.
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: June 23, 2021
Link to Original Article: https://www.canadianmortgagetrends.com/2021/06/homebuyers-shun-cmhcs-first-time-home-buyers-incentive/