Jessi Sandhu - Your Brampton Real Estate Agent
Home Buyers News and Articles | My Blog
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Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey

4/30/2024 | Posted in Home Buyers by Jessi Sandhu

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


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Fixed mortgage rates are rising. What's the deal?

4/18/2024 | Posted in Home Buyers by Jessi Sandhu

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


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CMHC to scrap First-Time Home Buyer Incentive and refocus funding on other tools

3/2/2024 | Posted in Home Buyers by Jessi Sandhu

The federal government has announced it will be discontinuing its First-Time Home Buyer Incentive (FTHBI) program as of March 21.

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One-third of Canadians considering alternative home ownership models amid low affordability

2/27/2024 | Posted in Home Buyers by Jessi Sandhu

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 ... More


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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


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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


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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


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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


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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, ... More


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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


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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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