Trusted Advice Tops List of Needs for First-Time Homebuyers: Scotiabank Poll
12/4/2025 | Posted in First Time Home Buyers by Jessi Sandhu
Poll reveals growing demand for guidance amid affordability concerns and market uncertainty ...
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First-time Ontario homebuyers are set to receive a major discount. Here's how to get it
11/6/2025 | Posted in First Time Home Buyers by Jessi Sandhu
The Ford government is expecting to spend $470 million to give first-time Ontario homebuyers a tax break on new homes — a figure first revealed in Thursday’s fall ...
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Ontario plans to waive HST on new homes for first-time buyers up to $1M
10/28/2025 | Posted in First Time Home Buyers by Jessi Sandhu
The Ford government will waive its portion of the sales tax on new homes for first-time buyers up to the value of $1 million as it bids to stimulate slumping home sales and ...
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Young families' mortgage balances drop despite rising housing costs
7/30/2025 | Posted in Mortgages and Real Estate by Jessi Sandhu
New data reveals a surprising shift in under-35 homeownership trends ...
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Many renters still holding off on buying, despite falling rates and prices
7/14/2025 | Posted in Canadian Housing Market by Jessi Sandhu
More than a quarter of Canadian renters considered buying before signing or renewing their current lease, according to a new Royal LePage survey, but most ultimately chose to ...
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GST cut for new homebuyers could mean price hikes, bank warns
6/10/2025 | Posted in Real Estate Market by Jessi Sandhu
The federal government’s plan to eliminate the GST on first-time homebuyers’ purchases of most new homes may actually lead to higher prices, a new report says. ...
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GST relief for first-time home buyers on new homes valued up to $1.5 million
5/28/2025 | Posted in First Time Home Buyers by Jessi Sandhu
To lower the upfront cost of buying a new home for young Canadians and spur the construction of new homes across the country, the government is eliminating the Goods and Services ...
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High down payments No. 1 barrier for new home buyers: CPA
5/6/2025 | Posted in Home Buyers by Jessi Sandhu
Housing affordability continues to cause distress for potential Canadian homeowners, according to a new CPA Canada-BDO Debt Solutions survey, but the building industry is having ...
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Canada's banking regulator considers alternative to mortgage stress test
3/11/2025 | Posted in Home Buyers by Jessi Sandhu
Canada’s top banking regulator is considering a new approach to mortgage risk management that could replace the current stress test with stricter rules on how much banks can ...
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New year, better mortgage rates: Credit tips to get you there
1/5/2025 | Posted in Financial Health by Jessi Sandhu
As we step into a new year, it’s a great time to reassess your financial habits and ensure your credit profile is in top shape. ...
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A First Home Savings Account should be on every first-time buyer's holiday wish list
12/24/2024 | Posted in First Time Home Buyers by Jessi Sandhu
Introduced in April 2023, the First Home Savings Account (FHSA) is a game-changer for Canadians looking to save for their first home, combining the best features of an RRSP and ...
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What you need to know before helping your child with a home down payment
10/31/2024 | Posted in First Time Home Buyers by Jessi Sandhu
With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the prospect of saving enough for a down payment to enter the real estate market can be a ...
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Poilievre asks premiers to axe their sales taxes on new homes worth under $1 million
11/4/2024 | Posted in Government and Regulation by Jessi Sandhu
Conservative Leader Pierre Poilievre has written to the provinces’ premiers, asking them to eliminate their sales taxes on new homes that are under $1 million. ...
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Here's why a mortgage broker thinks a 30-year amortization is a 'trap'
10/25/2024 | Posted in Home Buyers by Jessi Sandhu
The federal government allowed 30-year mortgage amortizations for first-time homebuyers purchasing new builds in August, and the new rules are set to expand in December to ...
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Federal government releases technical details of its latest mortgage changes
9/25/2024 | Posted in Government and Regulation by Jessi Sandhu
As a follow-up to last week’s announcement, the federal government has unveiled a more detailed framework for its updated mortgage rules, which are set to take effect on ...
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Canada's 30-year mortgage option has officially launched
8/2/2024 | Posted in First Time Home Buyers by Jessi Sandhu
The Canada Mortgage and Housing Corporation (CMHC) has officially launched Home Start, a 30-year mortgage option for first-time homebuyers purchasing newly constructed homes. Will ...
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First-time buyers relying on gifted down payments more than ever
7/29/2024 | Posted in First Time Home Buyers by Jessi Sandhu
Mortgage down payment gifts from family members remain a crucial factor for first-time homebuyers in Canada, even as the housing market cools and economic conditions tighten. ...
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6/25/2024 | Posted in First Time Home Buyers by Jessi Sandhu
More than one-third of first-time homebuyers in Ontario are getting help with their down payment and the average gift now tops $100,000, according to a report from CIBC. ...
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The Liberals' savings account for first-time homebuyers mostly got only small deposits
6/1/2024 | Posted in First Time Home Buyers by Jessi Sandhu
New home savings accounts have been used by 624,000 Canadians according to tax data, with a median deposit of $2,040. ...
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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. ...
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Ottawa to allow 30-year amortization for first-time buyers' mortgages on new homes
4/11/2024 | Posted in Government and Regulation by Jessi Sandhu
Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians ...
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Variable or short-term fixed mortgage? Where experts see the "sweet spot"
3/13/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ...
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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 crunch. ...
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Tax advantages driving exodus from Canada's priciest housing markets
2/6/2024 | Posted in Canada Living by Jessi Sandhu
A new report published today reveals that the burden on buyers from provincial governments’ billions of dollars in levies and development fees on new construction, and ...
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Rise in bond yields could send fixed mortgage rates higher, experts say
1/18/2024 | Posted in Mortgage Interest Rates by Jessi Sandhu
This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say. ...
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Latest in Mortgage News: OSFI leaves stress test rate unchanged
12/13/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu
Canada’s banking regulator confirmed it will leave the mortgage stress test for uninsured mortgages unchanged. ...
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No end in sight to housing affordability crisis, says BMO's Guatieri
8/28/2023 | Posted in Canadian Housing Market by Jessi Sandhu
The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst. ...
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1 in 5 homebuilders are nixing projects amid high rates. Here are your rights
8/18/2023 | Posted in New Developments by Jessi Sandhu
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 ...
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What impact might OSFI's new proposals have on borrowing costs?
7/26/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu
The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise. ...
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