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Real estate/home story
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THE WEEKLY ANCHOR
PAGE 18 MONDAY NOVEMBER 11, 2019
THE WEEKLY ANCHOR MONDAY JANUARY 13, 2020 PAGE 15


T he WeeklyANCHOR REAL ESTATE WEEKLY




Federal Government makes it
YOU’LL LOVE THIS!OU’LL LOVE THIS!
easier for middle class Canadians Y


to buy their first home 2 Bed, 1 Bath Home


All Canadians deserve to have a payment such as an increased RRSP Tucked Away
safe and affordable place to call withdrawal limit from $25,000 to
home. That is why the Government $35,000. The Government of
of Canada is launching an Canada has allocated $1.25 billion on a very Private Lot
innovative new tool to help middle over three years (starting in 2019)
class Canadians buy their first for this program. The Incentive will
home. be available to first-time in Sunset.
Today the Honourable Kent Hehr, homebuyers with qualified annual
Member of Parliament for Calgary household incomes of up to
Centre, on behalf of the Honourable $120,000.
Jean-Yves Duclos, Minister of Visit here for further First-Time
Families, Children and Social Home Buyer Incentive program
Development and Minister details. Applications will be For only $3,000 down and
Responsible for Canada Mortgage accepted starting September 2, 2019.
and Housing Corporation (CMHC) Budget 2019 also previewed the
is proud to be launching next week Shared Equity Mortgage Provider
the First-Time Home Buyer Fund, a five-year, $100-million monthly rent of $1,185
Incentive. lending fund to assist providers of
Starting on September 2, 2019, shared equity mortgages to help
the First-Time Home Buyer eligible Canadians achieve you can move in
Incentive will help middle class affordable homeownership. This
families take their first steps will support an alternative
towards homeownership by homeownership model targeted at
reducing monthly mortgage first-time homebuyers, help attract
payments required for first-time new providers of shared equity
homebuyers without increasing the mortgages and encourage additional Complete with fridge,
amount they need to save for a housing supply. The fund launched
down payment. This program on July 31st, 2019, and is
complements other measures taken administered by CMHC. stove and dishwasher
in Budget 2019 to support first-time - Canadian Mortgage and
homebuyers with their down Housing Corporation
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