Dec
15
Vancouver Homes Are So Pricey That Government Will Pitch In
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British Columbia to offer loans to first-time homebuyers
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Province will match purchasers’ down payments up to C$37,500
Home prices are so expensive in Canada’s priciest property market that the government is stepping in with loans to help first-time buyers rustle together a down payment.
The province of British Columbia will start a program on Jan. 16 that will offer to match the nest egg amassed by buyers for their first house by up to C$37,500 ($28,000) or 5 percent of the purchase value, B.C. Premier Christy Clark said at a news conference. It’s estimated to cost about C$703 million ($526 million) over the next three years and help about 42,000 households enter the market…
Vancouver Homes Are So Pricey That Government Will Pitch In
