First-Time Homebuyers Guide to Government Assistance Programs in Edmonton

Purchasing your first home is an exciting milestone, but it can also be a daunting financial endeavor. In Edmonton, first-time homebuyers have access to various government assistance programs aimed at making homeownership more accessible and affordable. These programs are designed to help individuals and families overcome the challenges of down payments, mortgage costs, and other upfront expenses. This comprehensive guide explores the government assistance programs available to first-time homebuyers in Edmonton, providing valuable insights into eligibility criteria and application processes.

Importance of Government Assistance for First-Time Homebuyers

For many first-time homebuyers, the upfront costs of purchasing a property can be a significant barrier to homeownership. Government assistance programs aim to alleviate this burden, making homeownership more achievable for those who might otherwise struggle to enter the housing market. By providing financial support, down payment assistance, and favorable mortgage terms, these programs empower first-time buyers to take the important step of investing in their future through homeownership.

1. First-Time Home Buyer Incentive (FTHBI)

The First-Time Home Buyer Incentive (FTHBI) is a federal program that assists first-time homebuyers with their down payment. Administered by the Canada Mortgage and Housing Corporation (CMHC), the FTHBI provides a shared equity mortgage, allowing eligible homebuyers to finance a portion of their home purchase through a government loan. This program aims to reduce the amount needed for a down payment, making homeownership more feasible for those with limited funds.

government assistance for homebuyers for the first time


  • Must be a Canadian citizen, permanent resident, or non-permanent resident legally authorized to work in Canada.
  • Must have a total qualifying income of $120,000 or less.
  • Must have at least a 5% down payment saved for the property.
  • The total borrowing (mortgage plus FTHBI loan) cannot exceed four times the qualifying income.

2. Home Buyers’ Plan (HBP)

The Home Buyers’ Plan (HBP) is a program that allows first-time homebuyers to withdraw up to $35,000 from their Registered Retirement Savings Plan (RRSP) to use as a down payment on a home. The withdrawn amount must be repaid to the RRSP over 15 years to avoid taxation. This program provides a valuable opportunity for first-time buyers to utilize their retirement savings for the purchase of their primary residence, making it an attractive option for some. Do you want to start building? Read about the Navigate to Reduce Building Permit Fees.


  • Must be a first-time homebuyer, or if previously a homeowner, you must not have lived in a home owned by you or your spouse in the past four years.
  • Must have a written agreement to buy or build a qualifying home.

3. GST/HST New Housing Rebate

The Goods and Services Tax/Harmonized Sales Tax (GST/HST) New Housing Rebate is a federal program that provides a rebate on a portion of the GST or HST paid on the purchase of a new or substantially renovated home. For eligible first-time homebuyers, this rebate can result in significant savings on the overall cost of the property.


  • Must be a first-time homebuyer.
  • Must purchase a new or substantially renovated home as a primary place of residence.
  • The purchase price must be less than $450,000 to qualify for the maximum rebate, and for homes with a purchase price between $450,000 and $350,000, partial rebates may be available.

4. Municipal First-Time Homebuyer Programs

In addition to federal programs, many municipalities, including Edmonton, offer their own first-time homebuyer assistance programs. These local programs may provide grants, forgivable loans, or other financial incentives to support homeownership within the community.

Eligibility and program details vary by municipality, so it is essential to check with the City of Edmonton or the respective municipality to learn about the specific programs available in the area.

5. Affordable Housing Programs

Edmonton offers various affordable housing programs that aim to make homeownership accessible to low and moderate-income families. These programs may provide financial assistance, subsidies, or special financing options to help individuals and families achieve their dream of owning a home.


  • Must meet income requirements set by the affordable housing program.
  • Must be a first-time homebuyer or meet the specific criteria outlined in the program guidelines.

Application Process for Government Assistance Programs

Young couple in their first home

Applying for government assistance programs for first-time homebuyers typically involves several steps:

  1. Research and Education: Begin by researching the available programs, their eligibility criteria, and the specific benefits they offer. Educate yourself on the requirements and obligations associated with each program.
  2. Financial Assessment: Assess your financial situation, including your savings for a down payment, your income, and any existing debts. Determine which programs align with your financial needs and capabilities.
  3. Contact a Mortgage Specialist: Reach out to a mortgage specialist or financial advisor who can guide you through the application process and help you determine which government assistance programs are the best fit for your situation.
  4. Complete the Application: Once you have identified the programs you are eligible for, complete the application forms and submit all required documentation to the respective program administrators.
  5. Receive Approval and Funding: If your application is approved, you will receive notification of your eligibility and the specific assistance you are entitled to. Funding or benefits will be disbursed according to the program guidelines.


Government assistance programs in Edmonton play a crucial role in supporting first-time homebuyers on their journey to homeownership. By providing financial aid, down payment assistance, and favorable financing terms, these programs open doors for individuals and families to invest in their future and establish roots in their communities. Aspiring homebuyers are encouraged to explore the various government assistance programs available, consult with mortgage specialists, and take advantage of these valuable opportunities to achieve their dream of owning a home in Edmonton.


  1. Canada Revenue Agency – Home Buyers’ Plan (HBP)