In Canada, there are several benefits available to first-time homebuyers to help make the process of buying a home more affordable. Here are a few examples:

1. First-Time Home Buyer Incentive: The First-Time Home Buyer Incentive is a shared-equity mortgage program that allows eligible first-time homebuyers to finance a portion of their home purchase with a shared-equity mortgage with the Government of Canada. This can help lower the monthly mortgage payments and make the home more affordable.
2. Home Buyer’s Plan: The Home Buyer’s Plan (HBP) allows first-time homebuyers to withdraw up to $35,000 from their registered retirement savings plan (RRSP) to use as a down payment on their first home. The amount withdrawn must be repaid to the RRSP within 15 years.
3. Land Transfer Tax Rebate: In some provinces, first-time homebuyers are eligible for a land transfer tax rebate, which can help offset the cost of the land transfer tax that is charged when a property is transferred from one owner to another.
4. GST/HST New Housing Rebate: First-time homebuyers who purchase a newly constructed or substantially renovated home may be eligible for a GST/HST New Housing Rebate, which can help offset the cost of the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) paid on the purchase price of the home.
5. Mortgage Insurance: First-time homebuyers with a down payment of less than 20% of the purchase price of the home may be required to pay for mortgage insurance. However, the mortgage insurance premium can be added to the mortgage amount and paid over the life of the mortgage, which can help lower the upfront cost of the mortgage.

These are just a few of the benefits available to first-time homebuyers in Canada. It’s important for potential homebuyers to research and understand all the options available to them before making a decision.