If you've been googling houses for sale in Quebec lately, we've got good news for you.\nThe government is about the make it a lot easier to buy your first home in Canada.\nTake a look at the details to see if you qualift below!\nVisit MTLBlog for more headlines.\nIt's now going to be much easier for first-time homebuyers in Quebec and across Canada to purchase their first home. On September 2nd, 2019, the Government of Canada is launching the First-Time Home Buyer Incentive that will "help middle-class families take their first steps towards homeownership by reducing monthly mortgage payments required for first-time homebuyers without increasing the amount they need to save for a down payment."\nAccording to former Liberal MP, Kent Hehr, "the First-Time Home Buyer Incentive will reduce monthly payments on a first mortgage by up to $286 for 100,000 families across Canada looking to buy their first home—that's a significant saving per year. The program will complement other National Housing Strategy initiatives producing meaningful results across the country that are helping Canadians access affordable homes and build their life".\nFor two months, all eligible first-time buyers in Canada will be able to benefit from this program. Starting on September 2nd, Canadians can register for the program by visiting this website.\nIf you meet the established criteria, you'll be able for a 5% to 10% shared equity mortgage from the Government of Canada. Buyers must repay the incentive in 25 years or if the property is sold, whichever comes first.\nHere are the criteria you must meet if you want to apply for the incentive:\nyou need to have the minimum down payment to be eligible\nyour maximum qualifying income is no more than $120,000\nyour total borrowing is limited to 4 times the qualifying income\nThe incentive is only up to a maximum of 5% if you purchase an already existing home. For a newly constructed home, 5% to 10% will be covered for the first-time buyer's purchase.\nView this post on Instagram Thanks to my sellers and buyers in trusting me with their biggest asset - to a new beginning 🙏 #realestate #remax #remaxhustle #remaxducartier #realtorforlife #lavalhomes #lavalhomesforsale #mtlrealestate #mtlblog #montrealrealestate #lavalproperties - call me if your looking to sell or buy a home in this hot market - 514-502-1470 A post shared by Mike Abatzidis (@mikeabatzidis) on Aug 27, 2019 at 3:33pm PDT\nMany young Canadians and first-time homebuyers face barriers when trying to save for a down payment. The incentive allows borrowers to not have to save as much as previously required.\nYoung Canadians are in fact the lowest percentage of homeowners in the country. The government hopes that this incentive will give young Canadians the ability to purchase a new home easier than ever before.\nREAD ALSO: The Government Of Canada Is Giving Quebec $250 Million To Help Support Asylum Seekers\nSingle homes are not the only types of properties eligible under this incentive plan. According to the plan, residential properties can include 1 to 4 total units.\nView this post on Instagram Have an #amazingview😍 for sale? ⠀⠀⠀⠀⠀⠀⠀⠀⠀ Sell it quickly with LUX Image Solution! ⠀⠀⠀⠀⠀⠀⠀⠀⠀ 📷 @luximagesolution ⠀⠀⠀⠀⠀⠀⠀⠀⠀ 𝗟𝗨𝗫 𝗜𝗠𝗔𝗚𝗘 𝗦𝗢𝗟𝗨𝗧𝗜𝗢𝗡 Your #realestate image partner 📐 ⠀⠀⠀⠀⠀⠀⠀⠀⠀ 🏠 Residential 🤝 Commercial ⠀⠀⠀⠀⠀⠀⠀⠀⠀ 🌐 Matterport 3D Tours 🎥 Video & Photo 🚁 Drone 📐 3D Renders 🏡 Virtual Home Staging ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ☎️ 514.978.0378 🚩 bit.ly/luxcontact 📩 Via DM ⠀⠀⠀⠀⠀⠀⠀⠀⠀ Let's stay in contact! 🙋♂️🙋 Follow @luximagesolution A post shared by AGENCE VISUELLE IMMOBILIÈRE (@luximagesolution) on Aug 16, 2019 at 10:59am PDT\nTherefore, if you want to purchase an investment property for the first time such as a duplex or triplex, you may be eligible for the incentive if you qualify.\nTypes of residential properties include:\nsingle-family homes\nsemi-detached homes\nduplex\ntriplex\nfourplex\ntown houses\ncondominium units\nFinally, you're considered a first-time homebuyer if you meet one of the following qualifications:\nyou have never purchased a home before\nyou have gone through a breakdown of a marriage or common-law partnership (even if you don’t meet the other first-time homebuyer requirements).\nin the last 4 years, you did not occupy a home that you or your current spouse or common-law partner owned\nThe incentive begins on September 2nd, 2019 and if you're looking to purchase a home for the first time ever, make sure to sign up!\nView this post on Instagram Plexes and condos are Montreal’s powerhouse residential assets. . . Montreal’s plexes and condos are seeing increased popularity, providing significant contributions to the market’s home sales volume last month. . . According to latest figures from the Quebec Professional Association of Real Estate Brokers, the city’s sales volume across all housing types was 3,698 transactions in July. This was 16% larger year-over-year, and represented a new high point for that month. . . Read the full story on Montreal's real estate market linked in our profile! . . . . #montreal #montrealrealestate #condos #plexes #residentialhomes #rentals #investmentproperty #rentitfurnished #propertymanagement #MTL #canada A post shared by Rent it Furnished Montreal (@rentitfurnished_montreal) on Aug 28, 2019 at 3:25pm PDT\nTo find out more about the First-Time Home Buyers Incentive and to register, please visit the government's official portal.