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Eligibility and Savings Calculator

This calculator is for illustrative and informational purposes only.

The First-Time Home Buyer Incentive is no longer accepting applications. No new approvals will be granted after March 31, 2024.

The deadline for new submissions for the First-Time Home Buyer Incentive was March 21, 2024, midnight EST.

For approved applications

The Program Administrator will continue to consider post-approval changes, following the guidance outlined in the Operational Policy Manual (PDF). Please refer to section 6.3.

For inquiries: [email protected]

Step 1 - Introduction

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

You may be an eligible First-Time Home Buyer if:

  • you’re planning to purchase your first home
  • you’ve recently experienced a breakdown of a marriage or common-law partnership
  • you’re not living in a home that you or your current spouse or common-law partner owned in the previous 4-year period

Step 2 - Regional Details

Is the home you are purchasing in: Toronto newtabicon, Vancouver newtabicon or Victoria newtabicon?


Step 3 - Financial Details

Step 4 - 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.