A. Q.  Mufti

A. Q. Mufti

Sales Representative

Re/Max Real Estate Centre Inc., Brokerage *

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A. Q. Mufti's blog

Budget 2019 Incentives for First Time Home Buyers

The long-awaited budget has arrived with an eye on First Time Homebuyers (FTHBs).

I have seen a flood of emails and ads referring to the First Time Home Buyers' incentive in the new federal budget of 2019.

So as usual, I want to bring the real facts to you so you can make a sound decision based on circumstances and your situation.

Yes, there are new handsome incentives in the budget for FTHBs; here are some key points for your information and decision making;

New 'substantially' higher newcomer numbers means good news for housing market

Canada's federal Immigration Miniser John McCallum is expected to announce 'substantial' increase in newcomers to Canada.

Its expected to raise the number new imigrants coming to Canada from 300,000 to 450,000 for the next five years.

Canada is a country of immigrants; aging population and shortage of labour force are key factors to increase the new comers to the country to offset the balance.

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