Maximizing the First-Time Home Buyers Incentive with New Builds
Posted by Cody Tritter on
Looking to purchase your first property, but the market & payments are getting away from you? Consider a new build!
Buying your first home can be an overwhelming experience, especially in the wild Alberta market. Clients that didn't get in last year, but are still in the market for a new home, are looking at higher required down payments and higher monthly payments after closing. New builds are becoming a more viable option for young Canadians looking to purchase their first home. Purchasing a new build may allow clients to avoid competing offer situations, and it allows them to take advantage of the maximum shared equity loan available via the Government of Canada's First Time Home Buyer Program.
The First-Time Home Buyers Incentive program allows…
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