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.
Should we be worried about the increase in mortgages with alternative lenders?
Government policy like the mortgage stress test was introduced to cool Canada’s housing market, which it did, but some buyers have decided to simply go a different route, and it could be bad for the overall health of the market.
5 ways to keep summer alive with your home decor
Summer is fleeting in the Greater Toronto Area. We get a couple months of warmer weather (sometimes too warm), and then it’s autumn in the blink of an eye.
Yes, you still have to do home maintenance in July
The good thing about July is that it’s probably one of the easiest months of the year as far as home maintenance goes, so you still get to spend the majority of your time travelling with your kids and hanging out in the backyard by the pool.
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
Cottage maintenance that you shouldn’t forget to do
Sure, the cottage is all fun and games during the summer, especially around Canada Day, but keep in mind that there is always maintenance to be done (and we bet you didn’t get to any of it over the long weekend!).
4 quick ways to get your backyard summer ready
And just like that - it’s summer. The forecast is consistently above 20 degrees celsius, and it will soon be hitting 30. Don’t worry if you forgot to get your backyard ready for the heat (and the long weekend).
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.
