Eligibility Criteria

Learn what eligibility criteria are in Canadian real estate, how they apply to rebates and incentives, and how to confirm qualification before applying.

Eligibility Criteria

May 22, 2025


What are Eligibility Criteria?

Eligibility criteria are the specific requirements a person must meet to qualify for government programs, rebates, mortgage products, or real estate incentives.

Why Eligibility Criteria Matter in Real Estate

In Canadian real estate, eligibility criteria apply to programs such as the First-Time Home Buyer Incentive, land transfer tax rebates, and mortgage insurance qualifications.


Common eligibility factors include:
  • Age and residency status
  • Income limits or debt thresholds
  • Home purchase price and location
  • Property type and occupancy (e.g., principal residence)


Failing to meet these requirements can disqualify applicants or result in a clawback of funds. Verifying eligibility before applying ensures smoother transactions and better financial planning.


Understanding eligibility criteria allows buyers to take advantage of cost-saving opportunities and secure the right financial tools.

Example of Eligibility Criteria in Action

A couple earning $170,000 is ineligible for the First-Time Home Buyer Incentive because they exceed the household income cap for their region.

Key Takeaways

  • Sets the rules for accessing programs or rebates.
  • May include income, citizenship, or residency.
  • Varies by program and region.
  • Must be verified before applying.
  • Key to unlocking homebuying benefits.

Related Terms

Additional Terms

Recourse Loan

A recourse loan is a type of loan where the lender can pursue the borrower’s personal assets, beyond the collateral, in the event of default.. more

Pari Passu

A pari passu clause is a contractual provision ensuring that multiple creditors share equally in repayment priority from the borrower’s assets.. more

Non-Recourse Loan

A non-recourse loan is a type of loan where the lender’s only remedy in case of default is to seize the collateral property; the borrower is not. more

Net Operating Income

Net operating income (NOI) is the total income generated by a property after operating expenses are deducted but before taxes and financing costs.. more

Mechanic's Lien

A mechanic’s lien is a legal claim by a contractor, subcontractor, or supplier for unpaid work or materials provided for a property.. more

Lis Pendens

Lis pendens is a legal notice filed in the land registry indicating that a property is subject to ongoing litigation that may affect its title.. more

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