Canada First-Time Home Buyers' Incentive Calculator
Calculate the Canada First-Time Home Buyer Incentive amount and understand how the shared-equity mortgage affects your purchase. Uses Canadian program rules and authoritative sources.
- Page updated:
- Jan 3, 2026
- Tool version:
- v1.1.0
Overview
This calculator estimates the Canada First-Time Home Buyer Incentive amount based on the purchase price and whether the property is new or resale.
It provides an estimate of the shared-equity incentive (5% for resale, 5% or 10% for new construction depending on eligibility) and includes links to authoritative Canadian sources for eligibility and repayment rules.
Results
Incentive amount (CAD)
$30,000.00
Applied incentive rate
5.00%
Notes
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How to read the result
- What it means
- The displayed value is an estimate based on your inputs. It represents the calculated scenario under current assumptions, not a guaranteed amount.
- Calculation limits
- The model uses simplified formulas and cannot account for all variables in your specific case (local regulations, personal conditions, temporal changes).
- Next step
- Use the result as a starting point. Adjust parameters to compare scenarios and validate with a professional when needed.
Glossary+−
- Shared-equity mortgage
A financial arrangement where the government contributes a percentage of the purchase price (not a loan) and in return shares in the change in property value when repaid.
- Fair market value
The estimated price a property would fetch on the open market at the time of sale or repayment.
- First-time home buyer
A person who qualifies as a first-time home buyer under Canadian program rules; check CMHC/Government of Canada guidance for precise definitions and exceptions.
Key takeaways
This tool estimates the First-Time Home Buyer Incentive amount using Canadian program rules (5% resale, 5% or 10% new).
Results are estimates. Confirm eligibility and repayment obligations using official CMHC and Government of Canada resources or consult a mortgage professional.
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Useful links
Worked examples
Example: Toronto Resale Condo (CAD)
A first-time buyer purchases a resale condo in Toronto for CAD 600,000. The standard incentive for resale properties is 5% of the purchase price.
Interpretation
The government provides CAD 30,000 as a shared-equity incentive. This reduces the amount you need to finance but will be repaid as the same percentage of the property's fair market value when the home is sold or the incentive is otherwise repaid.
Example: New Build Eligible for 10% (CAD)
A first-time buyer purchases a new build for CAD 500,000 and qualifies for the 10% incentive for new construction.
Interpretation
A CAD 50,000 contribution lowers initial mortgage size. Repayment will equal 10% of the property's fair market value at repayment.
Frequently asked questions
How does the incentive affect my mortgage?
The incentive is a shared-equity mortgage paid to the lender, which reduces the amount you need to borrow. It must be repaid as a percentage of the property's fair market value when you sell or at the end of the mortgage term.
Am I eligible?
Eligibility depends on being a first-time home buyer, household income limits, and mortgage qualifying rules. Use official CMHC and Government of Canada guidance for full eligibility details.
Sources & references
- Government of Canada – First-Time Home Buyer Incentive: https://www.placetocallhome.ca/fthbi/first-time-home-buyer-incentive
- CMHC – First-Time Home Buyer Incentive (program details): https://www.cmhc-schl.gc.ca/en/nhs/first-time-home-buyer-incentive
- Government of Canada – Buying a home: eligibility and repayment: https://www.canada.ca/en/financial-consumer-agency/services/mortgages/first-time-home-buyer.html
Quality & oversight
- Author
- Ugo Candido, MBA
- Maintained by
- Ugo Candido, MBA
- Page updated
- Jan 3, 2026
- Tool version
- v1.1.0