Provincial first-time home buyer program to launch in two weeks

Must Read

Protesters abandon Quebec rail blockade after show of force by police

ST-LAMBERT, Que. — A blockade south of Montreal that halted rail traffic and frayed nerves since Wednesday was abandoned...

Local athletes compete in Cross-Country Skiing at 2020 BC Winter Games

FORT ST. JOHN, B.C. - Day one of Cross-Country Skiing took place on Friday, February 21, for the 2020...

Gymnasts from Dawson Creek take part in Gymnastics at BC Winter Games

FORT ST. JOHN, B.C. -  Day one of Gymnastics has wrapped up at the 2020 B.C. Winter Games. In the...
Adam Reaburn
Adam Reaburn
Adam moved to Fort St. John in 2004 and he now owns both Moose FM and

VICTORIA, B.C. – The B.C. Home Owner Mortgage and Equity Partnership program, designed to help first time home buyers, will start taking applications in two weeks.

The Province will contribute the same amount first-time homebuyers have saved for their down
payment, providing up to $37,500, or up to 5% of the purchase price, with a 25-year loan that is interest-free and payment-free for the first five years.

Applications will open January 16.  The Province released the following list that first-time homebuyers need before applying to the program:

- Advertisement -

* Get pre-approval for an insured first mortgage from a financial lending institution.

* Apply to BC Housing for the B.C. HOME Partnership program loan. If eligible, the buyer will receive confirmation of eligibility and homebuyer’s kit, with information for the lender, real estate licensee,
and lawyer/notary public.

* Obtain an accepted offer on a home priced under $750,000 and provide details of the planned purchase to BC Housing for approval.


In order to submit an online application, homebuyers will need to have proof of status in Canada and residency in British Columbia, secondary identification (must include photo), proof of income and tax filings and insured first mortgage pre-approval.

Applications will be accepted starting Jan. 16, for purchases that will close on or after Feb. 15.

For more information about the program, go to

Community Interviews with Moose FM

More Articles Like This