10/25/2024 | Posted in Home Buyers by Marti Philp
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The federal government allowed 30-year mortgage amortizations for first-time homebuyers purchasing new builds in August, and the new rules are set to expand in December to ... More

Real Estate & Mortgage News

  6/21/2024 | Posted in Home Buyers by Marti Philp
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Many Canadian renters do not plan to purchase a home in the near future, with affordability challenges being a significant factor. ... More

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  4/30/2024 | Posted in Home Buyers by Marti Philp
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The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows. ... More

Real Estate & Mortgage News

  4/18/2024 | Posted in Home Buyers by Marti Philp
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As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up. ... More

Real Estate & Mortgage News

  3/2/2024 | Posted in Home Buyers by Marti Philp
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The federal government has announced it will be discontinuing its First-Time Home Buyer Incentive (FTHBI) program as of March 21. ... More

Real Estate & Mortgage News

  2/27/2024 | Posted in Home Buyers by Marti Philp
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One third of Canadians are considering alternative home ownership models, a new survey has found, as purchasing a home remains out of reach amid an ongoing affordability crunch. ... More

Real Estate & Mortgage News

  9/8/2023 | Posted in Home Buyers by Marti Philp
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It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that ... More

Real Estate & Mortgage News

  8/14/2023 | Posted in Home Buyers by Marti Philp
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Originally introduced to mitigate borrower default risks in the event of rising interest rates, some brokers now argue that Canada’s mortgage stress test is no longer needed ... More

Real Estate & Mortgage News

  5/17/2023 | Posted in Home Buyers by Marti Philp
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A string of aggressive interest rate hikes from the Bank of Canada is driving short-term fixed-rate mortgage demand higher, according to a new survey. ... More

Real Estate & Mortgage News

  1/3/2020 | Posted in Home Buyers by Marti Philp
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Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer. ... More

Real Estate & Mortgage News

  12/13/2019 | Posted in Home Buyers by Marti Philp
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Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey. ... More

Real Estate & Mortgage News

  9/16/2019 | Posted in Home Buyers by Marti Philp
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In an election announcement on Thursday, Liberal Party Leader Justin Trudeau promised to turbocharge the First-Time Home Buyer Incentive (FTHBI) for Canadians who live in ... More

Real Estate & Mortgage News

  8/24/2019 | Posted in Home Buyers by Marti Philp
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New data shows the country’s youngest buyers are being affected most by the government’s mortgage stress tests. ... More

Real Estate & Mortgage News

  6/18/2019 | Posted in Home Buyers by Marti Philp
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The incentive will allow eligible first-time homebuyers who have the minimum down payment for an insured mortgage with CMHC, Genworth or Canada Guaranty, to apply to finance a ... More

Real Estate & Mortgage News

  6/13/2019 | Posted in Home Buyers by Marti Philp
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Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More

Real Estate & Mortgage News

  5/17/2019 | Posted in Home Buyers by Marti Philp
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The Conservative Party leader says he's "absolutely committed" to reviewing the rule. ... More

Real Estate & Mortgage News

  5/15/2019 | Posted in Home Buyers by Marti Philp
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Canada needs to be building more homes to meet demand which is greater than official figures suggest. ... More

Real Estate & Mortgage News

  5/7/2019 | Posted in Home Buyers by Marti Philp
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Young families in particular want strong transit links, short commute ... More

Real Estate & Mortgage News

  4/30/2019 | Posted in Home Buyers by Marti Philp
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If you’re considering a custom-built home, here’s everything you need to know. ... More

Real Estate & Mortgage News

  4/4/2019 | Posted in Home Buyers by Marti Philp
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Canada's housing agency says new spending measures aimed at helping first-time buyers afford homes won't push prices up more than a few tenths of a percentage point. ... More

Real Estate & Mortgage News

  11/30/2018 | Posted in Home Buyers by Marti Philp
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CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers. ... More

Real Estate & Mortgage News

  10/4/2018 | Posted in Home Buyers by Marti Philp
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CMHC’s new guidelines that make it easier for self-employed borrowers to qualify for a mortgage came into effect on Oct 1. ... More

Real Estate & Mortgage News

  9/13/2018 | Posted in Home Buyers by Marti Philp
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Rising rents is making homeownership the affordable alternative according to a new report. ... More

Real Estate & Mortgage News

  9/4/2018 | Posted in Home Buyers by Marti Philp
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Here are some interesting data about Gen Zers and their homeownership plans and goals. ... More

Real Estate & Mortgage News

  7/20/2018 | Posted in Home Buyers by Marti Philp
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With detached family homes few and far between in Canada's major housing markets, these trends may leave new homebuyers in a lurch. ... More

Real Estate & Mortgage News

  7/19/2018 | Posted in Home Buyers by Marti Philp
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Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage ... More

Real Estate & Mortgage News

  7/5/2018 | Posted in Home Buyers by Marti Philp
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Toronto real estate may not be what it was one year ago, but it’s still a battle for home buyers. ... More

Real Estate & Mortgage News

  7/4/2018 | Posted in Home Buyers by Marti Philp
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There appears to be little relief in sight for Canadian homebuyers, especially first-time buyers, as affordability is likely to worsen. ... More

Real Estate & Mortgage News

  6/12/2018 | Posted in Home Buyers by Marti Philp
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Private lenders have doubled their share of Canadian mortgages since 2015. ... More

Real Estate & Mortgage News

  6/6/2018 | Posted in Home Buyers by Marti Philp
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York Region municipal councillors have proposed a municipal land transfer tax, but the CEO of the Ontario Real Estate Association is imploring them to consider the ... More

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