For first time homebuyers, the most important factor is affordability. This new program contributes greatly to the amount first time homebuyers have already set aside for their down payment. Providing up to $37,000, or up to 5% of the homes purchase price, with a 25 year loan which is payment and interest free for the first 5 years of the plan. Through B.C HOME partnership program, the province is estimated to help over 40,000 B.C Households over the next 3 years to enter the market for the first time. Helping people maken their dream of homeownership a reality.