What is the definition of a first-time home buyer?
So, funny story – you don’t actually have to be a first-time home buyer to be considered one for the programs below.
Here’s the scoop:
To be considered a first – time home buyer, you can meet any of the following 3 requirements:
- You have never purchased a home.
- You have not lived in a home that you or your current spouse or common law partner owned in the last 4 years. The 4-year period begins on January 1 st of the year, 4 years before utilizing the program.
- You have recently had a breakdown in a marriage or common law relationship.