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Eligibility and Savings Calculator

This calculator is for illustrative and informational purposes only.

Step 1 - Introduction

Do you meet the requirements as a First-time Home Buyer?

You are considered a first-time homebuyer if you meet one of following qualifications:

  • you have never purchased a home before
  • you’ve recently experienced a breakdown of a marriage or common-law partnership
  • in the last 4 years, you did not occupy a home that you or you current spouse or common-law partner owned

Step 2 - Financial Details

Step 3 - Mortgage Information


This calculator is for illustrative and informational purposes only. The Incentive plus a share in any increase in home’s value will need to be repaid by the homeowner upon sale of the property, or after 25 years, whichever comes first see examples of repayment calculations here . The calculator is not intended to provide specific financial or other advice, and should not be relied upon in that regard. All information and calculations are estimates only and the Government of Canada does not assume responsibility for errors or omissions within the calculator, and under no circumstances shall the Government of Canada held liable for any loss or damage which may be attributable to the reliance on and use of the calculator.


To calculate an amount for you, we've assumed the interest rate is fixed over the entire amortization period. In fact, interest is usually renegotiated at the end of each mortgage term, when rates may be higher or lower.

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