First-Time Home Buyer Programs for Calgary & Southern Alberta (2025)

These federal- and provincial-level programs can help you save on your first home purchase in Alberta.

  • Home Buyers’ Plan (HBP) – Since 1992

    Withdraw up to $35,000 from your RRSP tax-free to put toward your first home. You then repay the amount over a 15-year period. CRA: Home Buyers’ Plan

  • First-Time Home Buyer Incentive (FTHBI) – Since Sept 2019

    The Canada Mortgage and Housing Corporation (CMHC) offers an equity share of 5% or 10% of your purchase price to reduce monthly mortgage costs. CMHC: First-Time Home Buyer Incentive

  • First Home Savings Account (FHSA) – Since April 1, 2023

    Save up to $40,000 tax-free toward your first home. Contributions are deductible and withdrawals for qualifying home purchases are non-taxable. CRA: First Home Savings Account

  • GST New Housing Rebate – (Ongoing)

    Recover part of the GST paid on the purchase price or cost of building your first home. The rebate amount depends on the purchase price or fair market value. CRA: GST/HST New Housing Rebate

  • CMHC Green Home Program – Since Oct 2021

    Receive an additional up to 1.5% mortgage premium refund when you buy or build an energy-efficient home. CMHC: Green Home Program

Consult with your mortgage professional or Diane Richardson at 403-397-3706 for personalized guidance on leveraging these programs.

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