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

Rich Canadian parents are giving their kids $145k to buy homes

11/25/2021 | Posted in Canadian Housing Market by Jessi Sandhu

senior-couple-calculating--taxes--debt-462.jpg - Real Estate News With real estate prices continuing to rise in Canada, having a financial leg up from the Bank of Mom and Dad is a significant advantage in today’s market. ... More


'No question' homebuyers racing to beat rate hikes: CIBC's Tal

11/22/2021 | Posted in Home Buyers by Jessi Sandhu

home-purchase-contract-441.jpg - Real Estate News Canada’s red-hot housing markets could cool down in the second half of next year, according to a prominent Bay Street economist, as many buyers rush to buy now before the ... More


Just 11.4% of young adults in Ontario are homeowners

11/9/2021 | Posted in Home Buyers by Jessi Sandhu

group-of-young-adults-338.jpg - Real Estate News When it comes to Ontario homeowners, a mere 11.4% of young adults across the province own their own homes. ... More


CIBC's Tal to homebuyers: Start preparing for rising rates

11/2/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News A prominent Bay Street economist said homebuyers should start preparing sooner rather than later. ... More


Parents gifting kids record $82K average to buy first home: CIBC report

10/25/2021 | Posted in Home Buyers by Jessi Sandhu

cibc-office-250.jpg - Real Estate News Roughly 30 per cent of first-time homebuyers and nearly nine per cent of existing homeowners received financial help from family this past year to purchase a house. ... More


Canada's housing market unlikely to cool as new home buyers opt for variable loans

10/15/2021 | Posted in Canadian Housing Market by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News Popularity of variable-rate mortgages expected to grow further, overturning a trend that has been in place for over a decade. ... More


Bond Yields Are Rising. Are Fixed Mortgage Rates Next?

9/28/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News Bond yields rose sharply on Monday in the U.S. and Canada, and bond yields typically lead fixed mortgage rates. ... More


Where do immigrants buy homes in Canada?

9/22/2021 | Posted in First Time Home Buyers by Jessi Sandhu

agent-meeting-contract-264.jpg - Real Estate News This buyer cohort also makes more expensive residential moves, on average ... More


What the parties are promising for homebuyers

8/23/2021 | Posted in First Time Home Buyers by Jessi Sandhu

home-buyer-search-126.jpg - Real Estate News Politicians are zeroing in on ways that just might make the dream of owning a home that much easier. ... More


The cost of down payments in Canadian cities skyrocketed in 2021

8/4/2021 | Posted in Home Buyers by Jessi Sandhu

couple-managing-debt-449.jpg - Real Estate News Skyrocketing housing prices in 2021 are driving up how long it would take for homebuyers to save for a down payment, new data shows. ... More


BoC on Canadians' home purchase plans in the next 12 months

7/9/2021 | Posted in Canadian Housing Market by Jessi Sandhu

browse-homes-online-135.jpg - Real Estate News A growing number of Canadians, particularly renters, are planning to buy a home in the next 12 months amid the national economy’s steady recovery, according to a new ... More


Stress test hike confirmed

5/20/2021 | Posted in Home Buyers by Jessi Sandhu

house-keys--home-sold-122.jpg - Real Estate News Canada’s banking watchdog is confirming it will apply tighter rules to the so-called mortgage stress test, effective June 01. ... More


Five ways to ease the pain of Toronto housing affordability crisis

5/17/2021 | Posted in Toronto Real Estate by Jessi Sandhu

condos-cn-tower-20.jpg - Real Estate News First-time homebuyers are getting more anxious about the market. ... More


You got turned down for a mortgage? Here's what to do

5/6/2021 | Posted in Home Buyers by Jessi Sandhu

senior-indian-couple-245.jpg - Real Estate News Whether you’re starting your home search or you just bid on the place of your dreams, getting denied for a mortgage will stop you cold. ... More


A Pre-Approval Does Not Guarantee a Mortgage Approval

5/1/2021 | Posted in Mortgage Advice by Jessi Sandhu

property-search-442.jpg - Real Estate News Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. ... More


First-Time Home Buyer Incentive 2.0 Now Available

5/4/2021 | Posted in First Time Home Buyers by Jessi Sandhu

home-buyers---client-handshake-130.jpg - Real Estate News Long-awaited tweaks to the government’s First-Time Home Buyer Incentive came into effect on Monday. ... More


Mortgage stress test gets more stressful on June 1

4/30/2021 | Posted in Home Buyers by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Effective June 1, the federal mortgage stress test increases to 5.25 per cent, or about four times higher than what major lenders are actually charging ... More


First Time Home Buyer Incentive Program Expansion

4/27/2021 | Posted in First Time Home Buyers by Jessi Sandhu

middle-age-couple-visiting-house-263.jpg - Real Estate News Effective May 3, 2021, the Federal Government will be expanding the First Time Home Buyer Incentive program to enhance eligibility in Toronto, Vancouver and Victoria Census ... More


More than half of first-time buyers in Ontario plan to buy their first home in the suburbs

4/23/2021 | Posted in First Time Home Buyers by Jessi Sandhu

couple-with-real-estate-agent-316.jpg - Real Estate News The mass urban exodus that has been observed in Toronto and across Canada throughout the pandemic doesn't appear to be slowing down anytime soon, and a new survey confirms ... More


Low interest rates not motivation enough to list home for most Canadians: Poll

4/22/2021 | Posted in Home Sellers by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News Home prices in many Canadian markets have climbed to records during the pandemic, but it seems the majority of homeowners are planning to stay the course, and haven’t yet ... More


High Home Prices a Growing Obstacle for First-Time Buyers

4/20/2021 | Posted in First Time Home Buyers by Jessi Sandhu

couple-managing-debt-449.jpg - Real Estate News The ongoing surge in home prices across the country is discouraging a large number of young non-homeowners, many of whom say they’re giving up on the dream of homeownership ... More


36% of young Canadian adults have given up on owning home: RBC survey

4/13/2021 | Posted in First Time Home Buyers by Jessi Sandhu

couple-managing-debt-449.jpg - Real Estate News Real estate prices in many Canadian cities have climbed to all-time highs during the pandemic, so it should come as no surprise that some Canadians appear ready to give up on ... More


Over one-fifth of Canadians hoping housing prices fall significantly

4/8/2021 | Posted in Home Buyers by Jessi Sandhu

couple-browsing-for-homes-444.jpg - Real Estate News One in five Canadians are hoping for a significant fall in housing prices, a sign of the mounting frustration felt by many people looking to get into the country's hot ... More


'Priced out': Analysts weigh in on first-time home buyer problem

3/7/2021 | Posted in Home Buyers by Jessi Sandhu

home-buyers-447.jpg - Real Estate News Amid a hot housing market in major Canadian cities that has pushed ownership further out of reach for young first-time prospective home buyers, there are increasing calls for the ... More


Home Ownership Top Of Mind for Millennials

2/26/2021 | Posted in Home Owners by Jessi Sandhu

browse-homes-online-135.jpg - Real Estate News Nearly half of Canadians aged 25 to 35 own their home; one quarter of these homeowners have purchased a property since the onset of the COVID-19 pandemic, while 52% say remote ... More


Homebuying Intentions Soar As Canadians Redesign Their Lives For An Era Of Remote Work

2/14/2021 | Posted in Home Buyers by Jessi Sandhu

couple-browsing-for-homes-444.jpg - Real Estate News The share of renters who are planning to buy has quadrupled, and what they want to buy is changing. ... More


"Saving For A Down Payment Has Never Been Worse", Says National Bank Of Canada

2/4/2021 | Posted in Home Buyers by Jessi Sandhu

couple-managing-debt-449.jpg - Real Estate News Got 34 years to save up for a house? The threshold every buyer has to meet to own a home ― the minimum down payment ― has reached Canada’s highest level on ... More


At Your Service

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and we'll get back to you promptly.

Security Question: 4 + 8 =