Proposed Increase to First-Time Home Buyer Incentive

The Liberal proposal to raise the value of homes that qualify for the First-Time Home Buyer Incentive to $789,000 from $505,000 may nudge up demand, but houses in Toronto, Vancouver and Victoria are too expensive for most families to take advantage, said Sal Gualtieri, a senior economist at BMO Capital Markets.

However, if you are a First-time buyer on the hunt for a condominiums or townhouse, you may find the program useful. I can help you utilize the program should you decide to employ it.

Reference: https://edmontonjournal.com/news/canada/many-canadians-would-be-left-out-of-liberal-home-buyer-proposals-experts/wcm/aa054c95-a1da-40dd-ab94-b28e4278f45f