Jessi Sandhu - Your Brampton Real Estate Agent
First Time Home Buyers News and Articles | My Blog

No end in sight to housing affordability crisis, says BMO's Guatieri

8/28/2023 | Posted in Canadian Housing Market by Jessi Sandhu

couple-browsing-for-homes-444.jpg - Real Estate News The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst. ... More


1 in 5 homebuilders are nixing projects amid high rates. Here are your rights

8/18/2023 | Posted in New Developments by Jessi Sandhu

new-construction-w-supervisors-285.jpg - Real Estate News Many Canadian homebuyers waiting patiently for construction to finish on their pre-sale unit are being met with cancellation notices from developers. The building environment is ... More


What impact might OSFI's new proposals have on borrowing costs?

7/26/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise. ... More


Fixed mortgage rates surge again, pushing rates under 5% to the brink

6/16/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News Fixed mortgage rates are once again on the rise, with rates under 5% quickly becoming a distant memory. ... More


Ontario's first-time buyers prefer detached homes and townhouses over condos

3/14/2020 | Posted in Ontario Real Estate by Jessi Sandhu

middle-age-couple-visiting-house-263.jpg - Real Estate News Condo developers in Ontario looking to sell units to millennials and first-time home buyers could be barking up the wrong tree, according to a new survey from OREA. ... More


10 first-time homebuyer trends

2/24/2020 | Posted in First Time Home Buyers by Jessi Sandhu

home-buyers-447.jpg - Real Estate News Genworth Canada’s 2019 First-Time Homeownership Study provides a snapshot of the demographics of Canada’s first-time homebuyers (FTBs), what’s motivating them ... More


OSFI considering new benchmark rate for uninsured mortgages

2/19/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

couple-laptop-106.jpg - Real Estate News The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for uninsured ... More


Drive until you qualify

2/10/2020 | Posted in GTA Real Estate by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Mortgage stress test forces homebuyers further outside GTA to find house they can afford. ... More


Initiative to increase tax rebate for first-time buyers in Toronto

1/27/2020 | Posted in Toronto Real Estate by Jessi Sandhu

home-buyers-447.jpg - Real Estate News Two city councillors are pushing for a rethink of Toronto's municipal land transfer tax rebate for first-time home buyers, suggesting the cap should be increased to match the ... More


Owning a home is a pipedream for many Canadian millennials

12/13/2019 | Posted in Home Buyers by Jessi Sandhu

couple-browsing-for-homes-444.jpg - Real Estate News Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey. ... More


CMHC's Siddall Defends Policies, Provides Update on the FTHBI

11/22/2019 | Posted in Canadian Housing Market by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News Some fresh information on the status of the First-Time Home Buyer Incentive (FTHBI) and a possible increase on the $1M cap for insured ... More


Newcomers represent one in five home purchases in Canada

10/16/2019 | Posted in Canadian Housing Market by Jessi Sandhu

business-planning-consultation-265.jpg - Real Estate News This demographic is likely to account for nearly 700,000 home sales over the next five years. ... More


What to know about the Liberals' new housing-incentive promise

9/16/2019 | Posted in Home Buyers by Jessi Sandhu

sold-home-for-sale-260.jpg - Real Estate News 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


Despite new details, First-Time Home Buyer Incentive is flawed

6/18/2019 | Posted in First Time Home Buyers by Jessi Sandhu

middle-age-couple-visiting-house-263.jpg - Real Estate News While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem. ... More


First-Time Home Buyer Incentive To Launch In September

6/18/2019 | Posted in Home Buyers by Jessi Sandhu

new-home-plans-246.jpg - Real Estate News 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

couple-laptop-106.jpg - Real Estate News Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More


Canadian mortgage rates falling to their lowest level in 2 years

6/7/2019 | Posted in Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for borrowers. ... More


Housing demand is stronger than we're told: CIBC

5/15/2019 | Posted in Home Buyers by Jessi Sandhu

cheerful-home-buyers-129.jpg - Real Estate News Canada needs to be building more homes to meet demand which is greater than official figures suggest. ... More


CMHC's Siddall Warns Homeownership 'Party' Coming to an End

5/11/2019 | Posted in Canadian Housing Market by Jessi Sandhu

cmhc-news-7.jpg - Real Estate News The head of the Canada Mortgage and Housing Corporation (CMHC) gave a candid assessment of the country’s housing market, saying the “party” of homeownership as a ... More


Down payments are the biggest fear for first-time buyers

5/10/2019 | Posted in First Time Home Buyers by Jessi Sandhu

first-time-home-buyers-21.jpg - Real Estate News Having a sufficient down payment to afford the home they want is the largest concern of first-time buyers according to a new survey. ... More


CMHC releases statement on Liberals' mortgage plan

4/4/2019 | Posted in Home Buyers by Jessi Sandhu

cmhc-news-7.jpg - Real Estate News 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


First Time Home Buyers Get Help: Federal Budget Highlights

3/19/2019 | Posted in Canadian Housing Market by Jessi Sandhu

first-time-home-buyers-21.jpg - Real Estate News Budget offers an array of incentives aimed at first-time homebuyers, raises the limit on tax-free RRSP withdrawals. ... More


Stress test is already obsolete

2/22/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

contract-real-estate-mortgage-102.jpg - Real Estate News The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head. ... More


30-year insured mortgages could make a comeback

2/7/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

real-estate-67.jpg - Real Estate News The federal government appears to be considering a budget announcement that would allow first-time homebuyers to obtain 30-year insured mortgages, up from the 25-year limit now, ... More


Insured mortgage levels way down in 2018

11/5/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu

business-report-ideas-275.jpg - Real Estate News Updated numbers from the Bank of Canada showed that the balance of insured mortgage debt suffered its largest decline in history. ... More


Canadians can't afford NOT to buy study suggests

9/13/2018 | Posted in Home Buyers by Jessi Sandhu

business-meeting-notes-105.jpg - Real Estate News Rising rents is making homeownership the affordable alternative according to a new report. ... More


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

group-of-young-adults-338.jpg - Real Estate News Here are some interesting data about Gen Zers and their homeownership plans and goals. ... More


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