Who is considered a first-time home buyer?

FTHBI eligibility requirements: To qualify for the First-Time Home Buyer Incentive, you must: - Be a Canadian citizen, permanent resident, or legally authorized to work in Canada. - Be a first-time home buyer, indicating you have never owned a home before. Individuals who have experienced a divorce or the dissolution of a common-law partnership are also eligible, as are those who haven't resided in a property they owned (or that was owned by their spouse or common-law partner) within the last four years. - Possess adequate funds for the minimum down payment. - Obtain pre-approval for a mortgage exceeding 80% of the property's value, thus necessitating mortgage default insurance coverage.