New First-Time Home Buyer Program in Canada Offers $30,000 Support – How to Apply in 2025

In 2025, Canada’s federal government is offering an enhanced support scheme to help more residents enter the housing market. Under the updated first-time home buyer support Canada 2025, eligible buyers can now receive up to $30,000 in financial assistance through down payment grants, tax credits, and interest-free loans.

The new program is part of Ottawa’s national housing strategy aimed at easing the affordability crisis and boosting homeownership among young Canadians.

New First-Time Home Buyer Program in Canada Offers $30,000 Support – How to Apply in 2025

What Is the First-Time Home Buyer Grant 2025?

The CRA housing grants 2025 initiative provides financial relief in three forms:

  • A $10,000 non-repayable grant for qualifying buyers

  • A $15,000 interest-free loan to be used toward the down payment

  • A $5,000 tax credit applied during filing to reduce your annual taxes

Combined, these total $30,000 in federal support for eligible first-time buyers.

Eligibility Criteria

To qualify for the first-time buyer scheme Canada 2025, you must:

  • Be a Canadian citizen or permanent resident

  • Have never owned a home before, or not in the last 4 years

  • Earn under $120,000 annually as a household

  • Plan to occupy the home as your primary residence

Co-applicants such as spouses or common-law partners must also meet the eligibility rules.

How to Apply for First-Time Buyer Support

Follow these steps to access your CRA housing grant 2025:

  1. Get mortgage pre-approval from a participating lender

  2. Submit a First-Time Buyer Grant Application through the CRA portal

  3. Include supporting documents: income tax return, proof of income, and ID

  4. Await confirmation and receive your grant + loan before closing

Applications typically take 4–6 weeks for processing.

Participating Provinces and Municipal Support

While the federal scheme is available nationwide, several provinces offer additional housing incentives:

  • Ontario: First-time buyer land transfer tax refund up to $4,000

  • British Columbia: Property Transfer Tax exemption for homes under $500,000

  • Quebec: Extra $750 tax credit plus municipal incentives

Some cities also provide matching grant programs, especially for new home construction or energy-efficient housing.

Tips for First-Time Home Buyers

  • Get professional mortgage advice to secure the best rate

  • Look into RRSP Home Buyers’ Plan withdrawals (up to $60,000 tax-free)

  • Use housing calculators to plan your long-term costs

With this boost in 2025, new buyers will have more support than ever before.

FAQs

How much is the first-time home buyer grant in Canada 2025?

Eligible applicants can receive up to $30,000 in combined support: grants, loans, and tax credits.

Who qualifies for the 2025 home buyer program?

You must be a first-time buyer, Canadian resident, and have a household income below $120,000.

Is the $15,000 loan repayable?

Yes, but it’s interest-free for the first 10 years, with flexible repayment options.

Can I use this program with other housing incentives?

Yes, you can combine it with provincial tax credits, municipal rebates, and RRSP withdrawals.

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