First-time buyer incentive ‘a flop,’ says economist

By By Frank O’Brien / Business in Vancouver
Federal program used by only 29 homebuyers in Metro Vancouver

The federal First Time Home Buyer Incentive (FTHBI), introduced in September 2019, was used by only 29 buyers in Metro Vancouver and fewer than 3,000 buyers across Canada in the last four months of last year. Calling the program “a flop,” Sherry Cooper, chief economist at Dominion Lending Centres, noted that total funding of $55 million was “less than a stellar start” given the FTHBI’s $1.25 billion three-year target.…

Source:: First-time buyer incentive ‘a flop,’ says economist

• Whistler News

February 4, 2020

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