first time home buyer – owner loan

August 10, 2009

In Canada, does anyone know if there are stipulations regarding being a ‘first time home buyer’ with CMHC?

Felix Endo asked:


My name is on the title/ownership of a house that I live in with my mother in Ontario.

I did not contribute any money to the purchase of the home.

Would I be considered a first time home buyer if my name is on ownership?

Donald

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1 Comment

  1. Terri

    the only perk of CMHC is the not paying of property purchase tax.

    Anyone can qualify for the 5% down. but the insurance has gone up.

    Comment by m2 — August 13, 2009 @ 7:09 pm

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