Canada's housing agency says it is ending the first-time homebuyer incentive program. Canada Mortgage and Housing Corp. says the deadline for new or updated submissions to the program is midnight eastern time on March 21.
The plan was meant to help reduce monthly mortgage payments for first-time buyers by having the government take on partial ownership of a property.The government offered a loan up to 10 per cent of the purchase price that would go toward a larger down payment and thereby reduce monthly payments.
Total borrower income couldn't be higher than $120,000, or $150,000 in Toronto, Vancouver or Victoria, while the total borrowing could be no more than four times the qualifying income, or 4.5 times in the three pricey cities. "It was literally like they sat in a room by themselves, without anyone who understood the industry, and just made up a bunch of stuff that made no sense," said Laird.
As Poilievre sides with Smith on trans restrictions, former Conservative candidate says he's 'playing with fire' Quick thinking from a snowmobile tour guide helped save a man buried in an avalanche near Revelstoke, B.C., earlier this week.Justin Trudeau should pay very close attention to the legacy treatment afforded former prime minister Brian Mulroney, who died on Thursday at age 84, writes columnist Don Martin.'Right place at the right time': Snowmobile guide rescued man buried in avalanche near Revelstoke, B.C.
A Yorkton woman said she has run out of options after hearing it will take up to a year to see a gastroenterologist in Saskatchewan.Americans who test positive for COVID-19 no longer need to stay in isolation for five days, U.S. health officials announced Friday.The Supreme Court of Canada says police need judicial authorization to obtain a computer's internet protocol address, calling the identification number a crucial link between a person and their online activity.
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