Federal Liberals’ plan to help first-time homebuyers to kick in weeks before election – Kelowna Capital News

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OTTAWA – The federal Liberals say a new program to help new buyers pay for their first home will kick in on Labour Day. The program that will help cover some mortgage costs will be available starting Sept. 2, only weeks before the October federal election.

Selection and booking a flat is available on a first-come-first-served basis. Starting Tuesday (11 June), home buyers looking to purchase a balance flat from the Housing and Development Board (HDB) can view online listings of such flats at any time of the year and book a unit the day after they make an application.

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A new federal program aiming to give homebuyers some help covering their mortgage costs will kick in on Labour Day – weeks before a federal election – with the first payments flowing in early November, just days after voters across Canada go to the polls.

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Federal Liberals’ plan to help first-time homebuyers to kick in weeks before election. Ottawa to pick up 5% of a mortgage on existing homes for households that earn under $120,000 a year by The Canadian Press

GA First Homebuyer Programs Dream Maker Home Buyer Assistance Program The housing department (doh) offers three dream maker (dm) programs with different levels of home buying assistance offering affordable loans for downpayment assistance, closing costs, gap financing and other related expenses.