Federal government discontinues First-Time Home Buyer Incentive - BNN Bloomberg
Original article ↗B.I.A.S. ANALYSIS
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Rolling outlet bias
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3,172 articles tracked
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Article Excerpt
The Canada Mortgage and Housing Corporation (CMHC) has discontinued the First-Time Home Buyer Incentive (FTHBI), according to a statement on its website.
CMHC’s statement said the deadline for new or updated FTHBI submissions is March 21 at midnight eastern time. Applications submitted after the deadline will “undergo a manual review,” the statement said, and requests for manual reviews will need to be submitted by March 25, also at midnight eastern time. CMHC said that “no new approvals will be granted” after March 31.
“It was argued that the program was restrictive, primarily around the ma…
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