What first-timers should know about changes to the Home Buyers’ Plan
Thinking of breaking into the Canadian housing market for the first time? Chances are, you’re doing your research and looking into every possible tax break and incentive available to help financially ease your transition into home ownership.
Will expanding the FTHBI in the Greater Toronto Area actually work?
If you’re a frequent reader of my weekly post, you know I tend to avoid politics, but there is one thing I want to talk about, and no, it’s not what you think it is. Some recent, um, controversy has plagued the Liberal campaign.
6 housing ideas to consider before heading to the polls in October
The Hub is called REALideas, and it has all the policy recommendations that the leading political parties should take into consideration when releasing their platforms in the coming weeks.
To all the first-time buyers out there, do not lose hope
I want people to be hopeful about the future, and for many, that involves feeling confident in their home ownership goals. A home is a foundation for your family. It’s a place to grow and to love.
Should Canada allow a 30-year amortization for insured mortgages?
A new report by Mortgage Professionals Canada discovered that a 30-year amortization for an insured mortgage is the preferred option over the new First-Time Home Buyer’s Incentive.
First-time buyers feeling optimistic about the housing market
BMO released the results of a survey conducted by Pollara Strategic Insights, announcing that first-time buyers in Alberta are the most optimistic in the country about buying a new home with more than 50% thinking that now is a good time to do so.
Should Canadian home buyers consider using the FTHBI?
First announced back in March in the last federal budget, the FTHBI has been the point of some debate, both for how the program is structured, and for some of the restrictions it places on home buyers who may wish to use it.
This London, England company helps you buy your first home without a mortgage
There will soon be a new way for first-time buyers to step onto the homeownership ladder, but it’s based in London, England. If there’s success there, perhaps we’ll see this type of homebuying make its way to Canada.
Things you should know before moving into your new condo during interim occupancy
Moving into your new condo is an exciting thing to do, especially if you’re a first-time buyer. If you’re moving in before the building is registered and you’re paying interim occupancy fees, it means there will likely still be construction underway.
What to expect when applying for a mortgage for the first time
When you buy a new home preconstruction, the builder requires you to provide proof of pre-approval, but this is much different than applying for a mortgage.
