Ontario's first-time buyers prefer detached homes and townhouses over condos
3/14/2020 | Posted in Ontario Real Estate by Jessi Sandhu
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. ...
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10 first-time homebuyer trends
2/24/2020 | Posted in First Time Home Buyers by Jessi Sandhu
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 ...
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OSFI considering new benchmark rate for uninsured mortgages
2/19/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
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 ...
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2/10/2020 | Posted in GTA Real Estate by Jessi Sandhu
Mortgage stress test forces homebuyers further outside GTA to find house they can afford. ...
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Initiative to increase tax rebate for first-time buyers in Toronto
1/27/2020 | Posted in Toronto Real Estate by Jessi Sandhu
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 ...
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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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CMHC's Siddall Defends Policies, Provides Update on the FTHBI
11/22/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Some fresh information on the status of the First-Time Home Buyer Incentive (FTHBI) and a possible increase on the $1M cap for insured ...
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Newcomers represent one in five home purchases in Canada
10/16/2019 | Posted in Canadian Housing Market by Jessi Sandhu
This demographic is likely to account for nearly 700,000 home sales over the next five years. ...
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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 ...
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Despite new details, First-Time Home Buyer Incentive is flawed
6/18/2019 | Posted in First Time Home Buyers by Jessi Sandhu
While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem. ...
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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 ...
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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, ...
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Canadian mortgage rates falling to their lowest level in 2 years
6/7/2019 | Posted in Interest Rates by Jessi Sandhu
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. ...
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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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CMHC's Siddall Warns Homeownership 'Party' Coming to an End
5/11/2019 | Posted in Canadian Housing Market by Jessi Sandhu
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 ...
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Down payments are the biggest fear for first-time buyers
5/10/2019 | Posted in First Time Home Buyers by Jessi Sandhu
Having a sufficient down payment to afford the home they want is the largest concern of first-time buyers according to a new survey. ...
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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 point. ...
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First-Time Home Buyer Incentive reduces qualifying power
3/22/2019 | Posted in First Time Home Buyers by Jessi Sandhu
The First-Time Home Buyer Incentive actually reduces affordability. ...
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First Time Home Buyers Get Help: Federal Budget Highlights
3/19/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Budget offers an array of incentives aimed at first-time homebuyers, raises the limit on tax-free RRSP withdrawals. ...
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The mortgage 'stress test' has started harming Canadians more than it helps
2/26/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
Ten per cent of Canadians no longer qualify for a mortgage with banks. ...
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Stress test is already obsolete
2/22/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head. ...
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30-year insured mortgages could make a comeback
2/7/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
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, ...
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Insured mortgage levels way down in 2018
11/5/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu
Updated numbers from the Bank of Canada showed that the balance of insured mortgage debt suffered its largest decline in history. ...
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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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Majority of Canadians blame foreigners for price spikes
7/4/2018 | Posted in Foreign Buyers by Jessi Sandhu
Foreign ownership, speculation perceived to be the most influential factors according to a recent report by CMHC. ...
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Affordability likely to get worse says RBC Economics
7/4/2018 | Posted in Home Buyers by Jessi Sandhu
There appears to be little relief in sight for Canadian homebuyers, especially first-time buyers, as affordability is likely to worsen. ...
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Private lending becomes new normal
6/12/2018 | Posted in Home Buyers by Jessi Sandhu
Private lenders have doubled their share of Canadian mortgages since 2015. ...
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Regulations cost single-family home buyers in Canada's hottest markets an extra $229,000 on average
5/22/2018 | Posted in GTA Real Estate by Jessi Sandhu
Research from the C.D. Howe Institute released Tuesday revealed zoning regulations, development charges and housing limits in and around southern Ontario's Greenbelt have ...
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