New First Time Home Buyer Incentive from the Federal Government | Miia Kelly, Sales Representative

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The best thing for first-time home buyers is that your downpayment for an FHA loan can be a gift from a family member or friend. This means you can get into your new home with little, or no money upfront. FHA closing costs are rolled into the loan so you don’t have to pay them upfront.

The tax landscape changes yearly. With this being the first tax year under the changes in the new tax bill, first-time homebuyers must stay on their toes to understand the changes. The government provides tax breaks for existing and new homeowners to incentivize buying homes.

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Canada’s first-time home buyers may have to postpone dream house fantasies due to mortgage rule changes announced this week by the federal government. "First-time homebuyers will probably have to probably scale down the type of home that they may have planned to buy," said Napolitano.

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There are many down payment assistance programs available for "first-time" homebuyers. Do you know if you qualify for these programs? New Homes. Find by popular metro areas >.

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