Earlier this year, the Government of Canada released its 2019 Federal Budget, including the controversial and completely new First-Time Home Buyer Incentive Program. As this program is unlike anything else currently available, we are sharing the details of the incentive released by CMHC today, below.

To re-cap, there were two mortgage-related changes included in the 2019 Budget, both aimed at improving first time homebuyers’ opportunities to enter the housing market. These are:

1. Increase to the amount that an individual first time homebuyer may withdraw from their RRSP’s for the purpose of purchasing their first home.  Previously, the maximum one could withdraw was $25,000, but now the maximum withdrawal amount has been increased to $35,000. This increase acknowledges the higher costs housing costs and assists homeowners in accessing more low-cost funds to help with their first home purchase.  You can download the most recent ‘Home Buyers’ Plan Request to Withdraw Funds from an RRSP’ here.
2. The First-Time Home Buyer Incentive is an interest-free loan provided by the Government of Canada, which is intended to help reduce the monthly payment, improving cash-flow as a result.

At Kennedy Real Estate, we recommend you work with a Licensed Mortgage Broker, who will assist you in determining whether these programs, and others, will be right for you.  Our in-house Mortgage Team are members of the Mortgage Alliance Enrich Mortgage Group provide individualized qualification & credit assessments at no cost to you. Simply Apply Today; and one of our team will be happy to get things started right away!

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Homes can be difficult to sell for many reasons…

One thing about real estate, and markets – both are changing all the time. Good times and bad. A home or the market it is in may be difficult – but not impossible for selling. All homes are capable of a sale – it’s all in how it is framed and offered – given your price is in line with market. There may just be some issues your house is dealing with that you may not be aware of that are holding you back. Take the quiz to see if you are dealing with any of these issues…

When selling your home, you must remember that you cannot be all things to all people but you can be the right home for the right buyer. When you address your home’s ‘health’ issues – you remove the barriers to a sale. It really is just that simple. Are you up for the task?

Start the Quiz Now…

Homes can be difficult to sell for many reasons…

One thing about real estate, and markets – both are changing all the time. Good times and bad. A home or the market it is in maybe difficult – but not impossible for selling. All homes are capable of a sale – it’s all in how it is framed and offered – given your price is in line with market. There may just be some issues your house is dealing with that you may not be aware of that are holding you back. Take the quiz to see if you are dealing with any of these issues…

When selling your home, you must remember that you cannot be all things to all people but you can be the right home for the right buyer. When you address your home’s ‘health’ issues – you remove the barriers to a sale. It really is just that simple. Are you up for the task?

Start the Quiz Now…

Homes can be difficult to sell for many reasons…

One thing about real estate, and markets – both are changing all the time. Good times and bad. A home or the market it is in maybe difficult – but not impossible for selling. All homes are capable of a sale – it’s all in how it is framed and offered – given your price is in line with market. There may just be some issues your house is dealing with that you may not be aware of that are holding you back. Take the quiz to see if you are dealing with any of these issues…

When selling your home, you must remember that you cannot be all things to all people but you can be the right home for the right buyer. When you address your home’s ‘health’ issues – you remove the barriers to a sale. It really is just that simple. Are you up for the task?
 

Start the Quiz Now…

Homes can be difficult to sell for many reasons…

One thing about real estate, and markets – both are changing all the time. Good times and bad. A home or the market it is in maybe difficult – but not impossible for selling. All homes are capable of a sale – it’s all in how it is framed and offered – given your price is in line with market. There may just be some issues your house is dealing with that you may not be aware of that are holding you back. Take the quiz to see if you are dealing with any of these issues…

When selling your home, you must remember that you cannot be all things to all people but you can be the right home for the right buyer. When you address your home’s ‘health’ issues – you remove the barriers to a sale. It really is just that simple. Are you up for the task?

Start the Quiz Now…

Homes can be difficult to sell for many reasons…

One thing about real estate, and markets – both are changing all the time. Good times and bad. A home or the market it is in maybe difficult – but not impossible for selling. All homes are capable of a sale – it’s all in how it is framed and offered – given your price is in line with market. There may just be some issues your house is dealing with that you may not be aware of that are holding you back. Take the quiz to see if you are dealing with any of these issues…

When selling your home, you must remember that you cannot be all things to all people but you can be the right home for the right buyer. When you address your home’s ‘health’ issues – you remove the barriers to a sale. It really is just that simple. Are you up for the task?

Start the Quiz Now…

Homes can be difficult to sell for many reasons…

One thing about real estate, and markets – both are changing all the time. Good times and bad. A home or the market it is in maybe difficult – but not impossible for selling. All homes are capable of a sale – it’s all in how it is framed and offered – given your price is in line with market. There may just be some issues your house is dealing with that you may not be aware of that are holding you back. Take the quiz to see if you are dealing with any of these issues…

When selling your home, you must remember that you cannot be all things to all people but you can be the right home for the right buyer. When you address your home’s ‘health’ issues – you remove the barriers to a sale. It really is just that simple. Are you up for the task?

Start the Quiz Now…

Homes can be difficult to sell for many reasons…

One thing about real estate, and markets – both are changing all the time. Good times and bad. A home or the market it is in maybe difficult – but not impossible for selling. All homes are capable of a sale – it’s all in how it is framed and offered – given your price is in line with market. There may just be some issues your house is dealing with that you may not be aware of that are holding you back. Take the quiz to see if you are dealing with any of these issues…

When selling your home, you must remember that you cannot be all things to all people but you can be the right home for the right buyer. When you address your home’s ‘health’ issues – you remove the barriers to a sale. It really is just that simple. Are you up for the task?

Start the Quiz Now…

Homes can be difficult to sell for many reasons…

One thing about real estate, and markets – both are changing all the time. Good times and bad. A home or the market it is in maybe difficult – but not impossible for selling. All homes are capable of a sale – it’s all in how it is framed and offered – given your price is in line with market. There may just be some issues your house is dealing with that you may not be aware of that are holding you back. Take the quiz to see if you are dealing with any of these issues…

When selling your home, you must remember that you cannot be all things to all people but you can be the right home for the right buyer. When you address your home’s ‘health’ issues – you remove the barriers to a sale. It really is just that simple. Are you up for the task?

Start the Quiz Now…

Homes can be difficult to sell for many reasons…

One thing about real estate, and markets – both are changing all the time. Good times and bad. A home or the market it is in maybe difficult – but not impossible for selling. All homes are capable of a sale – it’s all in how it is framed and offered – given your price is in line with market. There may just be some issues your house is dealing with that you may not be aware of that are holding you back. Take the quiz to see if you are dealing with any of these issues…

When selling your home, you must remember that you cannot be all things to all people but you can be the right home for the right buyer. When you address your home’s ‘health’ issues – you remove the barriers to a sale. It really is just that simple. Are you up for the task?

Start the Quiz Now…