HOME Program

BC HOME Mortgage Program

The BC Home Owner Mortgage and Equity Partnership program (BC HOME), introduced by the BC Provincial Government, will be available for first-time home buyers starting January 16, 2017.

BC HOME was created by the BC Government to assist residents of British Columbia, who are eligible first-time home buyers, by providing repayable down payment assistance loans up to a maximum of 5% of the purchase price (maximum purchase price $750,000).


In order to qualify for the BC HOME program, home buyers must:

  • Have been a Canadian citizen or permanent resident for at least five years
  • Have resided in BC for at least one year immediately preceding the date of application
  • Be a first-time buyer who has not owned an interest in a residence anywhere in the world
  • Use the property as their principal residence for the first five years
  • Purchase a home that has a purchase price of $750,000 or less (excluding taxes and fees)
  • Obtain a high-ratio insured first mortgage on the property for at least 80% of the purchase price
  • Have a combined, gross household income of all individuals on title not exceeding $150,000
  • Have saved a down payment amount at least equal to the loan amount applied for

Perks for First-Time Home Buyers

We understand that purchasing your first home can be a financial struggle; that's why we offer perks for first-time home buyers! Want to learn more? Contact us >