Applications close March 31st for 1st-time B.C. homebuyers loan

Feb. 27, 2018 | News, Policies, & Regulations | By Aaron Rossetti

Applications close March 31st for first-time B.C. homebuyer loans through BC Home Owner Mortgage and Equity Partnership (BC HOME Partnership).

The program allows eligible first-time home buyers to take out a second mortgage from the government up to 5% of the purchase price to a max of $37,500. The property must be under $750,000 and used as a principal residence for five years. 

The program was to end March 31, 2020 but was cut short with the 2018 BC Budget