Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

Who qualifies for these programs in 2026?

Qualifying for Canada's main buyer programs in 2026 comes down to two tests: being a first-time buyer for the Home Buyers' Plan and the FHSA, and meeting Canada Mortgage and Housing Corporation's lending rules, including a minimum credit score of 600 and debt ratios capped near 39 percent of income on housing costs and 44 percent on total debt.

The Home Buyers' Plan and the FHSA both use a similar first-time buyer test: you or your spouse cannot have owned and lived in a home as your principal residence in the current year or the preceding four years. Meeting that test opens up the $60,000 RRSP withdrawal and the FHSA's yearly contribution room of up to $8,000.

The mortgage side is a separate qualification entirely, run by the lender against Canada Mortgage and Housing Corporation's insured-mortgage rules rather than by any program administrator. Income, existing debt, credit score and the minimum down payment of 5 percent to $500,000 then 10 percent above all get checked before a program dollar even matters.

Joel Dyck can point a buyer to a mortgage broker who will confirm both tests against actual numbers before an offer goes in, rather than guessing from a general list. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

Still have a question?

Ask Joel directly. No form, no obligation, and a real answer even when the answer is that now is not the time to sell.