Background

Canada’s First-Time Home Buyer Incentive

Mortgages for people who care about their mortgage. Let’s explore the first-time home buyers incentive program.

HOW WE CAN HELP YOU

UNDERSTAND

Understand the First-Time Home Buyer Incentive (FTHBI)

DETERMINE

Determine whether or not you’re eligible to apply

YOUR BEST MORTGAGE

Let Mortgage Allies get you the best mortgage for you

BE SUPPORTED

Feel supported and “in the loop” throughout the process

WHAT IS THE FIRST-TIME HOME BUYER INCENTIVE (FTHBI)?

This incentive was set in motion on the 2nd of September 2019. It was created with the intention of making monthly mortgage costs for first-time home buyers, more manageable. By this, a qualifying individual will have the government buying equity in their home. This will allow Canadians to enjoy home ownership in a realistic and responsible way, with reduced mortgages and lower costs per month. Finally, an affordable option for a first-time home buyer.

MORE ABOUT THE FIRST-TIME HOME BUYER INCENTIVE (FTHBI)

There has been quite a bit of anticipation and excitement around the announcement of the FTHBI program. The federal budget only mentioned the start of this program in March, so it’s still early days for the mortgage community. This incentive officially launched on the 2nd of September this year. It’s an exciting time!

You’re probably wondering what exactly this FTHBI means, and whether or not it’s something that could benefit you, or someone you know who would love to own their first home. We’d like to begin by saying that there are always pros and cons. This program being no different, but it’s important to look on the bright side and to make the most of a new opportunity – especially if it can reduce you and your family’s financial burdens. This incentive will benefit many families across Canada, and we hope it will serve as a powerful aid to equip residents with the empowering ability to own their own home.

THIS PROGRAM COULD REDUCE YOUR MONTHLY MORTGAGE PAYMENTS. IT ALSO ALLOWS FOR IMPROVEMENTS, MAKING YOUR HOUSE TRULY FEEL LIKE HOME.

SEE IF YOU COULD BE ELIGIBLE FOR THE FTHBI PROGRAM HERE

STEP 1 OF 3

Please complete all questions in this steps
What is your status in Canada:
Field is required!
Are you legally authorized to work in Canada?
Field is required!
Have you purchased a home before?
Field is required!
Have you gone through a breakdown of marriage or common-law partnership?
Field is required!
Did you in the last four years occupy a home that was occupied by the homebuyer or their spouse?
Field is required!

IMPORTANT
It’s possible that you or your spouse or common-law partner qualifies for the First-Time Home Buyer Incentive (if you are in a married or common-law relationship) with the 4-year clause even if you’ve owned a home.

Is your income $120,000 (CAD) per year or less?
Field is required!
* To be eligible to qualify for the FTHBI program you need to be a Canadian citizen, permanent resident, or a non- permanent resident who are legally authorized to work in Canada.
* To be eligible to qualify for the FTHBI program you need to be a Canadian citizen, permanent resident, or a non- permanent resident who are legally authorized to work in Canada.
* To be eligible to qualify for the FTHBI program you should not have In the last 4 years occupy a home that was occupied by the homebuyer or their spouse.
* To be eligible to qualify for the FTHBI program you should have never purchased a home before or have gone through a breakdown of marriage or common-law partnership.
* To be eligible to qualify for the FTHBI program your yearly income should be $120 000 (CAD) or less.

STEP 2 OF 3

Please complete all questions in this steps
Are you looking for a property in Canada?
Field is required!
Will the property be occupied by yourself as your primary residence?
Field is required!
Residential property type:
  • Single family home
  • Semi-detached home
  • Duplex
  • Triplex
  • Fourplex
  • Town house
  • Condominium unit
  • Land
  • Commercial
Field is required!
Residential property type:
Field is required!
* To be eligible to qualify for the FTHBI program you need to be a Canadian citizen, permanent resident, or a non- permanent resident who are legally authorized to work in Canada.
* To be eligible to qualify for the FTHBI program you need to be a Canadian citizen, permanent resident, or a non- permanent resident who are legally authorized to work in Canada.
* To be eligible to qualify for the FTHBI program you should not have In the last 4 years occupy a home that was occupied by the homebuyer or their spouse.
* To be eligible to qualify for the FTHBI program you should have never purchased a home before or have gone through a breakdown of marriage or common-law partnership.
* To be eligible to qualify for the FTHBI program your yearly income should be $120 000 (CAD) or less.
* To be eligible to qualify for the FTHBI program the property has to be in Canada.
* This Incentive is to help first-time homebuyers purchase their first home with the intent to occupy as their permanent residence. Investment properties are not eligible.
* To be eligible to qualify for the FTHBI program your residential properties types should be a single family home, semi-detached home, duplex, triplex, fourplex, town house or condominium unit.

STEP 2 OF 3

Complete the form below and we will contact you.
Your First Name*
Field is required!
Your Last Name*
Field is required!
Your Phone number*
Field is required!
Your Email Address*
Field is required!
To prove you are not a robot please give the answer to the following equation: 10+5=*
That is not the answer to 10+5
* To be eligible to qualify for the FTHBI program you need to be a Canadian citizen, permanent resident, or a non- permanent resident who are legally authorized to work in Canada.
* To be eligible to qualify for the FTHBI program you need to be a Canadian citizen, permanent resident, or a non- permanent resident who are legally authorized to work in Canada.
* To be eligible to qualify for the FTHBI program you should not have In the last 4 years occupy a home that was occupied by the homebuyer or their spouse.
* To be eligible to qualify for the FTHBI program you should have never purchased a home before or have gone through a breakdown of marriage or common-law partnership.
* To be eligible to qualify for the FTHBI program your yearly income should be $120 000 (CAD) or less.
* To be eligible to qualify for the FTHBI program the property has to be in Canada.
* This Incentive is to help first-time homebuyers purchase their first home with the intent to occupy as their permanent residence. Investment properties are not eligible.
* To be eligible to qualify for the FTHBI program your residential properties types should be a single family home, semi-detached home, duplex, triplex, fourplex, town house or condominium unit.
Submit

Terms & Conditions apply | Based on approved credit | Based on estimates | E.&O.E.

ELIGIBLE? Let’s find out more!

Through this process, the government will get a share of any gains from the appreciation of the property, and with the same breath, will also share in losses should the value of the property go down. The government has put aside $1.25 billion over three years for this incentive.

Through the FTHBI, the Government of Canada will offer those eligible the following options:

New Build

5% or 10% can be paid towards a first-time buyer’s purchase of a new construction

Existing Home

5% can be paid towards a first-time buyer’s purchase of a re-sale home

SEE HOW THIS PROGRAM COULD HELP YOU

PROPERTY AND STATUS REQUIREMENTS

There are certain requirements when it comes to the kind of property that can be purchased. The property must be based in Canada and needs to be suitable and available to be occupied on a full-time basis throughout the year. It is important to note that this incentive only applies to Canadian citizens, permanent residents, and non-permanent residents who are legally authorized to work in Canada.

FIRST-TIME HOME BUYER INCENTIVE CALCULATOR (FTHBI)

Mortgage Allies has created a variety of tools that serve you. Our calculator, based on the First-Time Home Buyer Incentive (FTHBI) program, will help you get the information you need to make an informed mortgage decision.

To start, you need to make sure that you’re eligible for the program. We have a test that you can do to make sure you qualify. Add in the numbers, and let our FTHBI calculator give you the answers.

We love clients that are hungry for information because it leads to the right mortgage

Have you done our FTHBI eligibility test?

  • Yes
  • Yes
  • No
Field is required!

Step 1 of 3

Please complete all questions in this steps
What is your status in Canada:
Field is required!
Are you legally authorized to work in Canada?
Field is required!
Have you purchased a home before?
Field is required!
Have you gone through a breakdown of marriage or common-law partnership?
Field is required!
Did you in the last four years occupy a home that was occupied by the homebuyer or their spouse?
Field is required!

IMPORTANT
It’s possible that you or your spouse or common-law partner qualifies for the First-Time Home Buyer Incentive (if you are in a married or common-law relationship) with the 4-year clause even if you’ve owned a home.

Is your income $120,000 (CAD) per year or less?
Field is required!
* To be eligible to qualify for the FTHBI program you need to be a Canadian citizen, permanent resident, or a non- permanent resident who are legally authorized to work in Canada.
* To be eligible to qualify for the FTHBI program you need to be a Canadian citizen, permanent resident, or a non- permanent resident who are legally authorized to work in Canada.
* To be eligible to qualify for the FTHBI program you should not have In the last 4 years occupy a home that was occupied by the homebuyer or their spouse.
* To be eligible to qualify for the FTHBI program you should have never purchased a home before or have gone through a breakdown of marriage or common-law partnership.
* To be eligible to qualify for the FTHBI program your yearly income should be $120 000 (CAD) or less.

Step 2 of 3

Please complete all questions in this steps
Are you looking for a property in Canada?
Field is required!
Will the property be occupied by yourself as your primary residence?
Field is required!
Residential property type:
  • -Please select one-
  • Single family home
  • Semi-detached home
  • Duplex
  • Triplex
  • Fourplex
  • Town house
  • Condominium unit
  • Land
  • Commercial
Field is required!
Residential property type:
Field is required!
* To be eligible to qualify for the FTHBI program you need to be a Canadian citizen, permanent resident, or a non- permanent resident who are legally authorized to work in Canada.
* To be eligible to qualify for the FTHBI program you need to be a Canadian citizen, permanent resident, or a non- permanent resident who are legally authorized to work in Canada.
* To be eligible to qualify for the FTHBI program you should not have In the last 4 years occupy a home that was occupied by the homebuyer or their spouse.
* To be eligible to qualify for the FTHBI program you should have never purchased a home before or have gone through a breakdown of marriage or common-law partnership.
* To be eligible to qualify for the FTHBI program your yearly income should be $120 000 (CAD) or less.
* To be eligible to qualify for the FTHBI program the property has to be in Canada.
* This Incentive is to help first-time homebuyers purchase their first home with the intent to occupy as their permanent residence. Investment properties are not eligible.
* To be eligible to qualify for the FTHBI program your residential properties types should be a single family home, semi-detached home, duplex, triplex, fourplex, town house or condominium unit.
Complete the form below and we will contact you.
Your First Name*
Field is required!
Your Last Name*
Field is required!
Your Phone number*
Field is required!
Your Email Address*
Field is required!
To prove you are not a robot please give the answer to the following equation: 10+5=*
That is not the answer to 10+5
* To be eligible to qualify for the FTHBI program you need to be a Canadian citizen, permanent resident, or a non- permanent resident who are legally authorized to work in Canada.
* To be eligible to qualify for the FTHBI program you need to be a Canadian citizen, permanent resident, or a non- permanent resident who are legally authorized to work in Canada.
* To be eligible to qualify for the FTHBI program you should not have In the last 4 years occupy a home that was occupied by the homebuyer or their spouse.
* To be eligible to qualify for the FTHBI program you should have never purchased a home before or have gone through a breakdown of marriage or common-law partnership.
* To be eligible to qualify for the FTHBI program your yearly income should be $120 000 (CAD) or less.
* To be eligible to qualify for the FTHBI program the property has to be in Canada.
* This Incentive is to help first-time homebuyers purchase their first home with the intent to occupy as their permanent residence. Investment properties are not eligible.
* To be eligible to qualify for the FTHBI program your residential properties types should be a single family home, semi-detached home, duplex, triplex, fourplex, town house or condominium unit.
Mortgage Payment Calculator FTHBI
=%

Years = Months
/Year
/Month



Submit

Jacques du Preez | Principal Broker | Mortgage Allies | 12358
Terms & Conditions apply | Based on approved credit | Based on estimates | E.&O.E.

NEW CONSTRUCTIONS COULD GET 5% OR 10% INCENTIVE
RE-SALE HOMES COULD GET 5% INCENTIVE

“We understand that you want a home, and not a mortgage. Chat to us today, and let’s see how we can make the FTHBI program work for you.”
– Jacques du Preez

New to canada-gradientUNDERSTAND THE PROCESS

New to canada-gradientMAKE THE RIGHT DECISION

New to canada-gradientGET THE BEST MORTGAGE

Background

  • review rating 5  My wife and I have nothing but positive things to say about our experiences with Jacques and his team. From the moment we connected with them we have felt that our best interests were being taken care of. Every step of the way we have received multiple options and explanations for every decision we have had to make. We have recommended them to anyone and everyone and we look forward to using their expertise in the future as we navigate through the ever changing housing market. Thank you Jacques & team, we truly appreciate your services.

    thumb C Lawrence
    9/04/2019

    review rating 5  The Mortgage Allies team is an absolute pleasure to work with and is excellent at what they do. Jacques truly works in the best interest of every client. He takes the time to understand your individual needs and secure a mortgage that is the best overall fit for you. He has a deep understanding of mortgages and offers so much more value than any other brokerage or bank today. The process is clear and transparent from day one and you will learn a lot about mortgages along the way. I would highly recommend Mortgage Allies for your mortgage needs.

    thumb Hartley Ruch
    9/04/2019

  • review rating 5  Jacques and his team have been phenomenal throughout our home-buying process. We started working with the Mortgage Allies team a year prior to purchasing the home we will be closing on in a few weeks. As first-time buyers, Jacques and his team took the time to explain the mortgage process in a way that actually made sense, and was quick to answer any questions we had along the way. They helped to determine what we could afford and what we could do to improve our finances, walked us through the necessary steps, and also provided useful information on how we could become mortgage-free faster. Never once did we feel in over our head, or that our goal was unattainable. Thank you!!

    thumb Kelly Clark
    7/11/2019

    review rating 5  Dear Jacques, Will and I have just finished paying off our mortgage on our property on Estoril Road in Mississauga. I would be remiss if I didn't take the time to thank you, Jacques, and your colleagues for your guidance and knowledge in assisting us to make this day finally arrive!. I am convinced that by retaining your company [from the referral from our Real Estate Agent], we saved money and time. The transition from our condo mortgage to our house mortgage was seamless also. Again thank you! Donald G. Scott / William Tang

    thumb Donald G. Scott
    7/01/2019

  • review rating 5  Very impressed by the expert advice and amazing customer service provided by the Mortgage Allies team. Answered every question for me and helped every step of the way throughout the process. Highly recommend to anyone looking for a reliable and professional mortgage broker. Thank you again!

    thumb Elaine Birkbeck
    5/31/2019

    review rating 5  I had the pleasure of working with Peter Saunders, after having visited a couple of the big 5 banks, and being unsatisfied with their service. Peter and the team at MA was knowledgeable, courteous, and aligned with my goals. I was never made to wait, and Peter came prepared with a comprehensive summary outlining the opportunities available to me. At that time circumstances were that I chose not to move on with a purchase, but I've kept in contact with MA ever since. If you're tired banks who are only interested in up-selling you in other services, and who aren't aligned with your goals, then I couldn't recommend Mortgage Allies more strongly.

    thumb muiz mukhtar
    5/13/2019

  • review rating 5  He did it again! Second time was just as good as the first. Thank you Jacques and team.

    thumb Matt Dunlop
    4/11/2019

    review rating 5  This guy is incredible! He can keep it light with simple numbers, and he can go deeper if you want and show you where all of his numbers are coming from. I never felt uncomfortable to ask anything. He is really customer focused and he helped set us up to have more money in our pockets and a house to live in. I will definitely be recommending this broker to my friends and family, as he is operating in a class above the rest.

    thumb dan G
    1/30/2019

  • review rating 5  Jacques and his team are amazing! If you need a mortgage they should be your first call.

    thumb David D'Cruz
    12/24/2018

    review rating 5  The thought of home ownership in Canada initially seemed impossible. The Mortgage Allies team simplified everything! Firstly, Not only was I able to buy a home at a great mortgage interest rate, but was given many benefits in the mortgage. As I was shown these benefits are often overlooked by home owners who are only focused on Low interest rates. It's all in the details that make for a great mortgage. Secondly, I was given 3 plans as to how I can become mortgage free fast! Life is ever changing and I thank the Mortgage Allies team for the Super support! It's a Good Life for sure

    thumb Andrew Bellamy
    6/03/2017

WHY OUR CLIENTS LOVE WORKING WITH US

WITH YOU EVERY STEP

The FTHBI is a program for those who have not purchased a home before. This initiative makes purchasing a home for young Canadians, more realistic. We can take you through the steps that this mortgage process will entail.

WE DO THE CHECKS

As you read above, there are certain requirements to be eligible for the FTHBI. If you’re unsure about whether or not you qualify, let us help you determine your eligibility. Chat to us!

WE CARE

Once you’ve determined your eligibility for the FTHBI, we will help you get the relevant documents together. Here, we ensure that you have the correct information and forms filled in, and then we’ll help you apply. We make it our priority to keep the application process as easy and clear for you as possible.

SIMPLIFY THE PROCESS

Once we’ve got your application for the FTHBI in, you won’t be left to wonder. We’ll keep you updated throughout the process and will get back to you with the final outcome as soon as possible.

CONTACT US

Jacques Du Preez

Principal Broker & Owner

Mobile: 647-281-3301

mymortgage@mortgageallies.ca

Address: 1155 North Service Rd. W., Unit 11
Oakville, ON L6M 3E3

Want to get in touch let us contact you!

Complete the form below and we will contact you.
Your First Name*
Field is required!
Your Last Name*
Field is required!
Your Phone number*
Field is required!
To prove you are not a robot please give the answer to the following equation: 10+5=*
That is not the answer to 10+5
Your Email Address*
Field is required!
Submit

“It is not just a once off transaction and service, but a mortgage-life partner.”
– Jacques du Preez

Let us help you take advantage of the First-time Home Buyer Incentive so that you can feel the deserved control, and excitement of buying your first home.

Jacques du Preez | Principal Broker | Mortgage Allies | 12358
Terms & Conditions apply | Based on approved credit | Based on estimates | E.&O.E.