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Interested in learning how to apply for the First-Time Home Buyer Incentive?

Visual: A house plant is displayed in the foreground. The camera then pans slowly right to a fuzzy shot of a man and a woman in the background, looking at the screen of a laptop.

In the upper left corner of the screen the purple text “How to apply for the First-Time Home Buyer Incentive” appears on a dark yellow background.

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To begin,

Visual: The couple is now in focus and in full view. The man and woman are smiling while looking at the laptop. The woman is eating food out of a bowl, while the man is sitting in front of the laptop.

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visit the First-Time Home Buyer Incentive page on placetocallhome.ca

Visual: The video cuts to a dark yellow background, and the following text appears in purple, one letter at a time (as if the narrator is typing it): “placetocallhome.ca.”

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to review the available information and resources thoroughly.

Visual: The pointer of a mouse appears next to the text “placetocallhome.ca.”

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Once you’ve assessed your eligibility

Visual: A woman is sitting at a desk drawing in a sketchbook. She has a laptop to her right and a notebook to her left.

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and have made the decision to apply for the Incentive,

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you’ll need to read, print and sign two documents.

Visual: In the upper right hand corner of the previously described scene, the purple text “Read, print and sign two documents” appears on a dark yellow background.

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The first document is the Shared Equity Mortgage Information Package,

Visual: The scene is replaced by a dark yellow background with the words “1. Shared Equity Mortgage Information Package” in purple on the left of the screen and a picture of the package on the right.

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and the second is the Attestation and Consent Form.

Visual: The purple text “2. Attestation and Consent Form” then appears at the left of the screen under “1. Shared Equity Mortgage Information Package” and a picture of the form appears on top of the picture of the package.

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Both of these can be found online.

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Next, you’ll need to take the two signed documents with you.

Visual: The video cuts to a picture of a couple sitting at a desk across from a woman explaining a document to them. On the left-hand side, the purple text “Take the two signed documents with you to your mortgage lender or broker” appears on a dark yellow background.

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to your mortgage lender or broker,

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who will then submit the application to the Program Administrator on your behalf.

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Once that’s done,

Visual: The scene quickly changes to a man sitting at a desk talking on the phone. He is smiling while carrying on an animated conversation.

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your mortgage professional will notify you of the status of your application

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for the Incentive.

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If your application is accepted,

Visual: The camera cuts to a scene of a man and a woman sitting at a desk in an office across from a female professional. The professional signs a document and then turns it over to the man, who then proceeds to sign it, as the woman next to him smiles and looks on. The purple words “If your application is accepted, you must notify FNF Canada of the name of the lawyer or notary you have chosen to close your deal” appear in a dark yellow ribbon at the bottom of the screen. The words “you must notify FNF Canada of the name of the lawyer or notary” are in bold.

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you must notify FNF Canada of the name of the lawyer or notary

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you have chosen to close your deal.

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This will need to be completed no less than two weeks

Visual: The wording of the ribbon changes to “no less than two weeks prior to the closing date” all written in bold.

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prior to the closing date of the purchase.

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This will allow the Incentive to be activated

Visual: The ribbon containing the text disappears, the female professional gets up and shakes the man’s hand, and then the woman’s.

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and the required closing documents to be delivered to your lawyer or notary

Visual: A close-up of a man’s hands. The man is reading a document while following the text with a pen he is holding in his right hand.

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in time for closing.

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Remember: You’ll need to repay the Incentive after 25 years

Visual: The scene then changes to a father turning away from the screen of his tablet to speak to his son standing to his right, while his daughter is leaning onto his left shoulder. The text “You’ll need to repay the Incentive after 25 years or when you sell the property” appears at the right of the screen on a dark yellow background. The words “repay the Incentive after 25 years or when you sell the property” are in bold.

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or when you sell the property,

Visual: The text at the right of the screen remains the same, but the image is replaced by a man and a woman having a discussion while the woman is looking at a computer screen or document that is off screen and not visible to the viewer.

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whichever comes first.

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You can also repay the Incentive in full at any time without penalty.

Visual: A man sitting on a couch holding a pen in his mouth and using a calculator. His computer and notebook are located in front of him on a coffee table. The purple words “You can also repay the Incentive in full at any time without penalty” appears on a dark yellow background in the upper right corner. The words “repay the Incentive in full at any time” are in bold.

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The repayment amount is based on the property’s

Visual: A man and woman are standing in their living room. They are embracing and looking at each other happily. The purple words “The repayment amount is based on the property’s fair market value at the time of repayment” appear on a dark yellow background in the upper right corner of the screen. The words “based on the property’s fair market value” are in bold.

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fair market value at the time of repayment.

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For additional details, visit placetocallhome.ca.

Visual: The shot then cuts to a full-screen yellow background on which the following text appears in purple, one letter at a time (as if the narrator is typing it): “Visit placetocallhome.ca”. This is then replaced by a full-screen white background. Against it are the yellow, purple and grey National Housing Strategy logo, on the left, and the Canada Wordmark, on the right.