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New first-time home buyers program accepting applications

The new BC housing program to help first time home buyer with a down payment is now accepting applications.

Housing Minister Rich Coleman says the goal of the program is to help those buyers who are in good financial shape, but may need a little more cash for a down payment.

Coleman notes that the program is similar to one that existed in the 1970’s which helped many first-time home buyers get into the market.

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He says a secondary goal is to increase rental availability as those new home owners move from rental housing into home ownership.

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