Consider this scenario:   You are living with family and want to invest in an investment property, and will not occupy property.  Does that mean you forgo your First Time Home Buyer privilege’s when you do purchase your first primary residence in the future?

The short answer: Purchasing an income property will not prevent you from taking advantage of first-time home buyer programs  in the future.

Here is the definition of a first-time home buyer, taken from the CRA website:

“You are considered a first-time home buyer if, in the four-year period (prior to a home purchase), you did not occupy a home that you owned.”

In this scenario, If the buyer will not be living at the income property, it will not be considered their first home.