Good news for first-time homebuyers in Kelowna and area. Thanks to the B.C. government, you can apply for a matching down payment when you purchase a new home. It's not a hand-out. It's a hand-up. A loan that's interest-free first five years of home ownership and one that you don't have to make payments on for the first five years as well.
The B.C. Home Mortgage and Equity Program was announced Dec 15 by Premier Christy Clark. Qualified first-time buyers will be eligible to receive up to $37,500 on a matching grant for a down payment, a move Clark says which will help B.C. residents in the middle-class get into a home sooner.
During her statement to the press, the Premier said that first-time buyers saving for a home are finding that as they
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