By Vanessa Ybarra

Hundreds cashing in on province’s first-time homebuyer program

Mar 25, 2017 | 11:07 AM

VANCOUVER, B.C. — More than 1000 people have applied for the Liberals first-time homebuyers program since mid-January, with 831 approvals processed.

In December, the Liberals announced they would match first-time-buyers payments up to $37,500, or up to 5% of the purchase price.

The 25-year loan is interest-free and payment-free for the first five years.

Approvals by region:

Thompson-Nicola – 28

Columbia-Shuswap – 10

Central Okanagan – 53

North Okanagan – 19

Fraser Valley – 47

Metro Vancouver – 432

Alberni-Clayoquot – 2

Bulkley-Nechako – 6

Capital – 70

Cariboo – 8

Central Kootenay – 6

Comox Valley – 5

Cowichan Valley – 8

East Kootenay – 17

Fraser-Fort George – 21

Kitimat-Stikine – 3

Kootenay Boundary – 7

Mount Waddington – 5

Nanaimo – 27

Northern Rockies – 0

Okanagan-Similkameen – 15

Peace River – 18

Skeena-Queen Charlotte – 4

Squamish-Lillooet – 5

Strathcona – 7

Sunshine Coast – 8

The Liberals say they expect to help 42,000 people enter B.C’s housing market in the next three years.

by Vanessa Ybarra