Yukon Launches First-Time Homebuyer Loan Program to Pay up to Half of Down Payments

Yukon Launches First-Time Homebuyer Loan Program to Pay up to Half of Down Payments
Yukon Premier Ranj Pillai speaks during a press conference in Ottawa, on Dec. 6, 2024. The Canadian Press/Sean Kilpatrick
The Canadian Press
Updated:
0:00

Yukon’s government is launching a first-time homebuyer program in the territory that will see eligible residents receive low-interest loans to help with down payments.

The territory says the Yukoner First Home Program will give eligible homebuyers loans that would cover up to half of their down payments on a purchase, and repaying the loan can be deferred until the buyers’ mortgage has been refinanced or paid off.