Liberals' mortgage help for first-time buyers lands Sept. 2, weeks before vote

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The federal Liberals say a new program to help new buyers pay for their first home will kick in on Labour Day.

The program that will help cover some mortgage costs will be available starting Sept. 2, only weeks before the October federal election.

The government's plan will see it pick up five per cent of a mortgage on existing homes for households that earn under $120,000 a year, on a mortgage of no more than $480,000.There isn't any interest on the federal money.

 

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