• Mark Albert

Federal Budget 2019 / Mortgages / First-Time Home Buyer Incentive & Home Buyers’ Plan- HBP EXPLAINED


The Federal Budget released their Budget 2019. They are proposing a couple of changes to help First-Time Home Buyers get in the Real Estate Market. These changes can also have a positive impact when it comes to qualifying for a mortgages and can help them to qualify against the Mortgage Stress Test that is currently in place. They are calling it the First-Time Home Buyer Incentive. They also propose modernizing the Home Buyers’ Plan (HBP). In this video I explain what those proposals are. There was no stress test announcements made in this Federal Budget 2019.


The Federal Liberals released their Federal Budget 2019 for all of Canada to see. So far, this has not been well received by the mortgage industry but if the Federal Liberals, under Justin Trudeau get re-elected as the Government of Canada we'll most likely see this budget get adopted. If the Federal Liberals under Justin Trudeau do not get re-elected then this First-Time Home Buyers Incentive and Modified Home Buyers' Plan (HBP) won't probably get adopted.


If the Federal Liberals don't win the Federal Elections in October 2019 these First-Time Home Buyer Incentive and the HBP might be overturned. Keep in mind that the Federal Conservatives Party and the Federal NDP Party will most likely have an alternative view on how to improve any First-Time Home Buyer strategy or maybe even modify the Mortgage Stress Test to enhance everyone's ability to qualify for a mortgage. Time will tell.


Federal Budget 2019


Written Submission for the Pre-Budget Consultations in Advance of the 2019 Budget

By: Mortgage Professionals Canada


Mortgage Industry Reacts to Liberal Budget



If you are looking for a Financial Advisor or for Mortgage assistance in Brampton

MississaugaOrangevilleCaledonMiltonTorontoVaughanEtobicokeOakville,

BurlingtonGeorgetown, or GTA please contact Mark Albert at 416-659-6655 or 

markalbertpfs@gmail.com.


Also, please feel free to request a Comprehensive Financial Strategy document,  which is called a Personal Financial Review to see how your mortgage  and/or income property fits within your overall financial strategy.