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
Official resources
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
How to apply
- Step 1: Prepare the application
- Complete the borrower information package.
- Complete the attestation and consent form.
- Step 2: Work with your lender and legal representative
- Provide the required documents to the lender, solicitor, or notary.
- Use the applicable legal documents for your jurisdiction.
- Step 3: Submit the application through the mortgage process
- Have the lender and legal representative handle the program forms as part of the home purchase financing.
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
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