CMHC First time Home buyer Incentive Program Update! If you are looking to buy your first home and are waiting until September for when this program is set to be implemented you may want to call us to discuss. As a first time home buyer you may be surprised at how this program really works. How does it work? The government plans to provide first time home buyers with¬† 5% contribution to the purchase of an existing home. They will provide 5-10% contribution to a new home build. It is only available to a first time home buyer. The home buyers household income must be no more than…