First Time Home Buyer’s Incentive

An Affordable Place to Call Home

Every Canadian deserves a safe and affordable place to call home.

Yet for too many hard-working Canadians, especially for young people, it feels like an impossibility. There aren’t enough houses for people to buy, or apartments for people to rent. That makes finding a good place to live too expensive – beyond what many people can afford.

The measures in Budget 2019 plan to increase the supply of housing, because it is the most effective way to address affordability in the long run. Also, the Budget 2019 proposes to crack down on the people who break the rules – who evade taxes or use real estate for money laundering – making housing less affordable for the people who need it.

And to help more middle class families find an affordable home today, Budget 2019 is offering new, targeted support for first-time home buyers, and taking steps to address lack of housing supply and make the housing market more fair.

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