Closed
The First-Time Home Buyer Incentive
Shared-equity support for first-time homebuyers
Last Update: April 29, 2026
Funding available
$ 5 - $ 10
Timeline
- Closing date : March 21, 2024
Location
Canada
Overview
This program helped qualified first-time homebuyers reduce monthly mortgage payments. It offered a shared-equity contribution of 5% or 10% of the home purchase price for a down payment.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Maximum amount : 10 $
- Minimum amount : 5 $
- Up to 10% of project cost
Timeline
- Closing date : March 21, 2024
Eligible candidates
Eligible Industries
- Finance and insurance
- Real estate and rental and leasing
Location
- Canada
Legal structures
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Purchase of a first home with shared-equity mortgage support.
- Use of the Incentive to reduce monthly mortgage payments.
Documents Needed
- Shared Equity Mortgage Information Package
- Shared Equity Mortgage Attestation and Consent Form
- Instructions to Solicitor or Notary
- Shared Equity Mortgage and Borrowing Disclosure Statement
- Standard Mortgage Terms or Deed of Hypothec, depending on jurisdiction
Eligibility
Who is eligible?
- First-time homebuyers.
- Homebuyers purchasing a home in Canada.
Who is not eligible
- Non-first-time homebuyers.
- Applicants submitting new applications after the deadline.
Eligible expenses
- Down payment support for the purchase of a home.
Ineligible Costs and Activities
- Partial repayment of the Incentive is not allowed.
- No new applications are accepted.
Eligible geographic areas
- Canada
Processing and Agreement
- Applications were reviewed under the program’s operating policy.
- Approved files could still be subject to post-approval changes.
- Repayment obligations apply at sale, refinancing-related triggers, or after 25 years.
Additional information
- No new applications are being accepted.
- No new approvals will be granted after March 31, 2024.
- Approved applications may still be subject to post-approval changes.
Contacts
Frequently Asked Questions about the The First-Time Home Buyer Incentive Program
Here are answers to the most common questions about the The First-Time Home Buyer Incentive. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the The First-Time Home Buyer Incentive?
This program helped qualified first-time homebuyers reduce monthly mortgage payments. It offered a shared-equity contribution of 5% or 10% of the home purchase price for a down payment.
How much funding can be received?
The First-Time Home Buyer Incentive Funds up to 10% of admissible expenses, capped at $10 per project.
Who is eligible for the The First-Time Home Buyer Incentive program?
To be eligible for the The First-Time Home Buyer Incentive program, you must:
First-time homebuyer status required.
Must meet program mortgage terms.
What expenses are eligible under The First-Time Home Buyer Incentive?
Purchase of a first home with shared-equity mortgage support.
Use of the Incentive to reduce monthly mortgage payments.
Who can I contact for more information about the The First-Time Home Buyer Incentive?
You can contact Canada Mortgage and Housing Corporation (CMHC) by email at FTHBIOps@cmhc-schl.gc.ca or by phone at 1-800-668-2642.
Where is the The First-Time Home Buyer Incentive available?
The The First-Time Home Buyer Incentive program is available across Canada.
Is the The First-Time Home Buyer Incentive a grant, loan, or tax credit?
The First-Time Home Buyer Incentive is a Loans and Capital investments