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  1. www.ctvnews.ca › politics › first-time-homebuyerCanada's first-time homebuyer incentive discontinued - CTV News

    Mar 1, 2024 · The first-time homebuyer incentive was launched in 2019 with a $1.25-billion commitment. As of the end of 2022, CMHC had committed $329 million representing about 18,500 applications. This report ...

  2. www.cmhc-schl.gc.ca › consumers › home-buyingThe First-Time Home Buyer Incentive - Canada Mortgage and ...

    • Looking For Homebuying Tools and Resources?
    • Guides
    • Calculators
    • Other Useful Information

    Knowing what to expect throughout the entire homebuying process can lead to more well-informed decisions, and a better homebuying experience overall. Explore our range of homebuying tools and resources to help you make your homebuying decisions with confidence.

    See full list on cmhc-schl.gc.ca

    Homebuying Step by Step Guide and Workbook— Find everything you need to help you buy a home in Canada, including worksheets, calculators and checklists.
    Condominium Buyer’s Guide— Get detailed information on buying a condominium.
    Newcomers’ Buying Guides— Read homebuying information in 8 different languages!

    See full list on cmhc-schl.gc.ca

    Affordability Calculator— Estimate how much mortgage you can afford.
    Debt Service Calculator— Compare monthly debt payments and expenses to income.
    Mortgage Calculator— Explore rates, payment frequency, amortization options and more.

    See full list on cmhc-schl.gc.ca

    Your Credit Report— Learn more about the simple steps you can take to maintain a good credit history and improve your chances of being approved for a mortgage.
    Mortgage Planning Tips— See how planning your mortgage in advance can help you save money in the long run.
    Mortgage Fraud— Read these valuable insights that can help protect you from mortgage fraud.

    See full list on cmhc-schl.gc.ca

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  4. www.cbc.ca › news › businessFirst-time homebuyer incentive is discontinued, says federal ...

    Mar 1, 2024 · The first-time homebuyer incentive has been discontinued by the Canada Mortgage and Housing Corporation (CMHC), the federal agency announced on Thursday. The deadline for new or resubmitted ...

  5. www.cmhc-schl.gc.ca › consumers › home-buyingGovernment of Canada homebuyer incentives and rebates

    Visit the First-Time Home Buyer Incentive for more detail. The Home Buyers’ Amount offers a $5,000 non-refundable income tax credit amount on a qualifying home acquired during the year. For an eligible individual, the credit will provide up to $750 in federal tax relief. Go to the Home Buyers’ Amount webpage to see if you are eligible.

  6. assets.cmhc-schl.gc.ca › sites › place-to-call-homeFirst-Time Home Buyer Incentive Fact Sheet - CMHC-SCHL

    To be eligible for the First-Time Home Buyer Incentive, Anita will have to purchase a home that is no more than $350,000. Anita still has the required minimum down payment of 5% of the purchase price ($17,500) from savings and can apply to receive $35,000 in a shared equity mortgage (10% of the cost of a newly constructed home).

  7. www.canada.ca › en › revenue-agencyFirst-Time Home Buyers’ Tax Credit (HBTC) - Canada.ca

    Jun 17, 2024 · First-time home buyers who acquire a qualifying home can claim a non-refundable tax credit of up to $750. The value of the HBTC is calculated by multiplying $5,000 by the lowest personal income tax rate (15% in 2022). 2.

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  9. www.fool.ca › 2021/05/04 › how-did-the-first-timeHow Did the First-Time Home Buyer Incentive Change?

    May 4, 2021 · Here’s what the changes look like. First-time home buyers with a household income of $150,000 or less can participate (up from $120,000). First-time home buyers can buy a home up to 4.5 times ...