Canada launches $100 million program to support first-time buyers
The Shared Equity Mortgage Providers Fund launched at the end of July 2019. It’s a $100 million, five-year program managed by the Canada Mortgage and Housing Corporation that will support existing SEMPs.
Shared home ownership goals more important than looks when it comes to millennials dating
According to a new global survey by HSBC Bank of Canada, 61% of Canadian millennials feel anxious about buying a property, compared to just 20% of baby boomers.
Nearly half of Canadian parents plan to help their kids buy a home
The Housing Affordability Survey, a Leger poll of more than 1,500 Canadians, commissioned by FP Canada, discovered that 48% of parents with children under 18 years of age intend to assist with the purchase of a first home.
Ontario home prices need to drop more than $300,000 to be affordable for millennials
A new study by Generation Squeeze in Vancouver found average home prices in Canada need to drop by nearly 50% for a typical 25-34 year-old (let’s call them millennials) to afford an 80% mortgage on an average priced home. Or, their earnings need to double
Could the FTHBI even be used in Toronto? INFOGRAPHIC
The First-Time Home Buyers Incentive, a new national mortgage-equity sharing program, has been the subject of sharp scrutiny since it was first announced by the federal government in March.
The FTHBI won’t improve housing affordability in the Greater Toronto Area
Right before the federal election, Canada’s First-Time Home Buyer Incentive will kick into action, making it easier for thousands of buyers across the country to dive into the market.
Everything you need to know about Canada’s First-Time Home Buyer Incentive
If you’re a first-time buyer in Canada, you’ve likely been waiting for details on the federal government’s First-Time Home Buyer Incentive program. Well, the details are here, including a start date.
More than half of Canadian millennials considering buying a recreational property
According to the 2019 RE/MAX Recreational Property Omnibus Survey, 56% of Canadian millennials are considering buying a recreational property. This is a 14% increase compared to last year.
New home sales centre etiquette tips everyone should read
If you’re a first-time buyer, visiting a new home sales centre or presentation centre can be intimidating, especially if it’s a big opening and there’s a crowd.
Q&A with a first-time buyer who’s about to move into her new condo
To give first-time buyers an idea of what to expect as their occupancy approaches, we chatted with a first-time buyer who will be moving into her new condo in just a few weeks!
