Being a "first time home buyer" is not easy and sometimes at a disadvantage to families that are moving into their 2ndor 3rd home. The market as increased at such a high percentage over the years that familes are selling their homes for more than they paid and have the equity to use towards their new one.
A first time home buyer is usually using money that they have saved over the years, taking out RRSP's or is asking family to help and will have to repay the borrowed money.
They are also competing with other buyers in a sellers market, at the highest percentage of sales.
Here are a few tips on ways to come up with a down payment and funds needed for closing costs.