4 ways to make buying a home easier for first-time buyers
I recall seeing young couples buying new detached homes in Brampton, Markham, Mississauga, Oakville, Oshawa, all across the Greater Toronto Area and surrounding regions. Today, I’m seeing fewer and fewer first-time buyers, even in new condo sales centres.
5 things to consider when applying for a mortgage
When you buy a new home preconstruction, there can be a few years between getting pre-approved for your mortgage and your final closing (when you actually need to qualify for your mortgage).
3 ways to improve the mortgage stress test
At the end of 2018, I wrote about the idea of reducing or repealing the mortgage stress test. Now I want to suggest some possible amendments that would make the stress test more fair now that interest rates are rising and home prices are still high.
2019 will be another challenging year for first-time buyers
You thought first-time buyers had it tough in 2018 - it’s looking like 2019 may be even harder on singles and couples looking to step onto the homeownership ladder.
Is it time to repeal the B-20 stress test?
An interesting article caught my eye at the end of last week - executives at Mattamy Homes and the Canadian Home Builders’ Association believe that the B-20 stress test should be repealed or at the very least reduced.
See what this first-time buyer has to say about applying for a mortgage
Getting pre-approved is one thing, but when it comes to applying for a mortgage, the process can be confusing and intimidating, especially if you’re a first-time buyer. There’s an extra layer to the process if you’re buying a new
Homeowners still wary of growing legal weed: survey
Legalization day is officially upon us – Canadians can now buy and consume cannabis, as well as grow up to four plants within a private residence in most provinces, under the newly-minted federal Cannabis Act. However, while it’s no
A surprising amount of couples aren’t talking about money and debt issues
Manulife Bank of Canada recently commissioned Ipsos to conduct a survey about financial issues at home and confiding in a significant other. The results are shocking and unsurprising at the same time.
It will soon be easier for self-employed Canadians to qualify for a mortgage
The Canada Mortgage and Housing Corporation is making it easier for self-employed Canadians to apply and qualify for mortgages.
See what scares this first-time buyer the most
Going through the homebuying process for the first time can be intimidating. There are many steps, a lot of paperwork, lawyers get involved, and you’re making deals with hundreds of thousands of dollars.
