The province is trying to make it easier for first-time home buyers to enter the market. Under the First-time Homebuyers Program, the required down payment is two per cent of the purchase price, which is less than half the usual minimum. There is a cap on the price of homes for buyers in the program – $570,000 in Halifax Regional Municipality and the Municipality of East Hants and $500,000 in the rest of the province. Previous homeowners who have not owned a home in the last four years may also be eligible.
Updated: Messages of support for Tumble Ridge, B.C.
