People who use government programs for first-time home buyers probably won’t need them more than once in their lifetime. However, under certain circumstances, it is possible to qualify as a first-time home buyer again. This includes people who have separated from, and are no longer living with, their spouse or partner. It also includes people who purchased their first home a long time ago and would like to make use of government programs a second time.Â
You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quote*You will be leaving MoneySense. Just close the tab to return.
Can you qualify as a first-time home buyer twice?Â
“Truly it depends on the program you are asking about,” says Denise Laframboise, a mortgage broker with LaframboiseMortgage.ca in Brooklin, Ont., about initiatives like the…
