The home buyer tax credit was introduced by the federal government to stimulate activity in the housing market. It provided $6,500 to repeat home buyers and up to $8,000 for first time home buyers. This initiative has been a huge success, but many people have been unable to sort out their house purchase in time to meet the June 2010 deadline. The federal government has responded to this by providing a home buyer tax credit extension lengthening the deadline until 30th of September 2010.