What is the maximum purchase price under the First-Time Buyer Incentive?
Quick Answer
Short answer: Four times household income, capped near $722,000 in Edmonton for 2025.
Detailed Explanation
The federal FTHBI offers a 5% (resale) or 10% (new build) shared-equity loan. Maximum mortgage + incentive cannot exceed four times qualified annual income and must stay below $722,000 in markets where the average exceeds $600,000.
Repayment is due on sale or at 25 years, based on fair-market value.
- No monthly payments—just equity share
- CMHC collects its percentage of appreciation or depreciation
- Program sunsets March 2026 unless extended
Disclaimer: This page is for general information only and does not constitute legal, financial, or real estate advice. Always verify details with a licensed Alberta REALTOR®, mortgage professional, or lawyer before making decisions. Buy in Edmonton assumes no liability for actions taken based on this content.
Tim Grover, RE/MAX Excellence • 780-288-5144 • 5607 199 Street NW, Edmonton, AB
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