OSFI seeks to address problem of fixed-payment variable-rate mortgages
9/8/2023 | Posted in Home Buyers by Jessi Sandhu
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
Canada's mortgage stress test: Obsolete or still doing its job?
8/14/2023 | Posted in Home Buyers by Jessi Sandhu
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 ... More
Demand grows in Canada for short-term fixed-rate mortgages
5/17/2023 | Posted in Home Buyers by Jessi Sandhu
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.
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Five Things Every New Condo Buyer Should Know
1/3/2020 | Posted in Home Buyers by Jessi Sandhu
Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer.
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Owning a home is a pipedream for many Canadian millennials
12/13/2019 | Posted in Home Buyers by Jessi Sandhu
Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey.
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What to know about the Liberals' new housing-incentive promise
9/16/2019 | Posted in Home Buyers by Jessi Sandhu
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
Mortgage Stress Test Sidelining Young Buyers
8/24/2019 | Posted in Home Buyers by Jessi Sandhu
New data shows the country’s youngest buyers are being affected most by the government’s mortgage stress tests.
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First-Time Home Buyer Incentive To Launch In September
6/18/2019 | Posted in Home Buyers by Jessi Sandhu
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
Price growth expectations and financial risk: top influences for homebuyers
6/13/2019 | Posted in Home Buyers by Jessi Sandhu
Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More
Andrew Scheer Says He Wants To Scale Back Canada's Mortgage Stress Test
5/17/2019 | Posted in Home Buyers by Jessi Sandhu
The Conservative Party leader says he's "absolutely committed" to reviewing the rule.
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Housing demand is stronger than we're told: CIBC
5/15/2019 | Posted in Home Buyers by Jessi Sandhu
Canada needs to be building more homes to meet demand which is greater than official figures suggest.
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Transit is increasingly a deal-breaker for Canadian homebuyers
5/7/2019 | Posted in Home Buyers by Jessi Sandhu
Young families in particular want strong transit links, short commute
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How Much Does It Cost to Build a House?
4/30/2019 | Posted in Home Buyers by Jessi Sandhu
If you’re considering a custom-built home, here’s everything you need to know.
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CMHC releases statement on Liberals' mortgage plan
4/4/2019 | Posted in Home Buyers by Jessi Sandhu
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 ... More
More homebuyers opted for variable rates in Q3 says CMHC
11/30/2018 | Posted in Home Buyers by Jessi Sandhu
CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers.
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New CMHC Guidelines in Effect for Self-Employed
10/4/2018 | Posted in Home Buyers by Jessi Sandhu
CMHC’s new guidelines that make it easier for self-employed borrowers to qualify for a mortgage came into effect on Oct 1.
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Canadians can't afford NOT to buy study suggests
9/13/2018 | Posted in Home Buyers by Jessi Sandhu
Rising rents is making homeownership the affordable alternative according to a new report.
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Nearly half of Gen Zers want to buy a home in the next few years
9/4/2018 | Posted in Home Buyers by Jessi Sandhu
Here are some interesting data about Gen Zers and their homeownership plans and goals.
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9 in 10 seniors plan to stay in their homes while retired
7/20/2018 | Posted in Home Buyers by Jessi Sandhu
With detached family homes few and far between in Canada's major housing markets, these trends may leave new homebuyers in a lurch.
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CMHC makes announcement regarding self-employed borrowers
7/19/2018 | Posted in Home Buyers by Jessi Sandhu
Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage
... MoreAt Your Service
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