Provincial officials say 125 applications have been received in the first four days of a new program aimed at helping first-time homebuyers.
Of those, about 70 applicants have been approved in 23 communities throughout British Columbia.
The program contributes to the amount first-time buyers have already saved for their down payment, providing up to $37,500 or up to five per cent of the purchase price.
The 25-year loan is interest-free and payment-free for the first five years. Vancouver Sun
