Are there any incentives or programs available for first-time homebuyers?

First-time homebuyers in Canada can use several programs to help with their down payment. The Home Buyers' Plan allows them to withdraw up to $35,000 tax-free from their Registered Retirement Savings Plan, with repayment required within 15 years. 

Another option is the First-Time Home Buyer Incentive, which provides funds in the form of a shared equity mortgage of up to 5% of the purchase price for resale homes and up to 10% for new builds. 

The GST/HST, New Housing Rebate, may also be available for those buying new construction homes. At the same time, some provinces offer a land transfer tax rebate specifically for first-time buyers. In addition, some municipalities have programs and incentives, such as Toronto's rebate of up to $4,475 for eligible first-time buyers. It's essential to research these options and seek advice from professionals before making any decisions.