Homebuyers Shun CMHCs First-Time Home Buyer Incentive

Author: External Author | Categories: First Time Home Buyer , First Time Home Buyer Mortgage

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.

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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/