Buying a house has become more expensive over the last few decades. However, if you play your card rights, the dream is still well within reach.
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EQ Bank is proud to offer its customers high-interest rates and no fees. Presently, the interest rate on your balance is 2.3%. This is higher than that at most—if not all—Canadian banks.
The federal government launched the First-Time Home Buyer Incentive (FTHBI) on September 2, 2019. With funding of $1.25 billion dollars to be used over the next three years, this program aims to help thousands of Canadians become homeowners. If you qualify, you apply for a 5% or 10% shared equity mortgage with the Government of Canada.