Is the First-Time Home Buyer Incentive (FTHBI) worth it?

Author: External Author | | Categories: Debt Consolidation , First Time Home Buyer Mortgage , Mortgage Calculator , Mortgage Rates , Private Equity Investors , Private Mortgage Lending , Refinance Mortgage , Reverse Mortgage , Royal Canadian Legion , Self Employed Mortgage

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Many Canadians dream of owning a home one day but are startled awake by the cost of mortgage payments.

Prices continue to rise out of reach for people with modest incomes. The Canadian Real Estate Association says the average price of a new home in the first couple months of 2020 was more than $500,000. With a home that expensive, you could easily be paying more than $2,000 per month.

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Original Article Source Credits: Financial Post , https://financialpost.com/

Article Written By: Caitlin Cochrane

Original Article Posted on: Jul 30, 2020 

Link to Original Article:  https://financialpost.com/moneywise/is-the-first-time-home-buyer-incentive-fthbi-worth-it



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