10/16/2020 | Posted in Home Buyers by Paul Solomons
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Are you considering buying a pre-construction home or condo? Tarion compiled a few tips to help buyers navigate the new home buying process.
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9/28/2020 | Posted in Home Buyers by Paul Solomons
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In light of the past six months of COVID-19-triggered uncertainty, home sales in Canada have been shockingly brisk as a combination of FOMO and low interest rates keep drawing ... More
9/18/2020 | Posted in Home Buyers by Paul Solomons
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Record-low interest rates appear to be a major factor.
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6/4/2020 | Posted in Home Buyers by Paul Solomons
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Canada’s housing agency is tightening rules to make it more difficult for higher-risk borrowers to qualify for mortgage insurance.
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5/24/2020 | Posted in Home Buyers by Paul Solomons
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The Bank of Canada is set to reduce its qualifying rate ten basis points, from 5.04 to 4.94 percent according a new report.
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1/3/2020 | Posted in Home Buyers by Paul Solomons
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Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer.
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12/13/2019 | Posted in Home Buyers by Paul Solomons
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Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey.
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9/16/2019 | Posted in Home Buyers by Paul Solomons
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In an election announcement on Thursday, Liberal Party Leader Justin Trudeau promised to turbocharge the First-Time Home Buyer Incentive (FTHBI) for Canadians who live in ... More
8/24/2019 | Posted in Home Buyers by Paul Solomons
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New data shows the country’s youngest buyers are being affected most by the government’s mortgage stress tests.
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6/18/2019 | Posted in Home Buyers by Paul Solomons
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The incentive will allow eligible first-time homebuyers who have the minimum down payment for an insured mortgage with CMHC, Genworth or Canada Guaranty, to apply to finance a ... More
6/13/2019 | Posted in Home Buyers by Paul Solomons
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Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More
5/17/2019 | Posted in Home Buyers by Paul Solomons
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The Conservative Party leader says he's "absolutely committed" to reviewing the rule.
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5/15/2019 | Posted in Home Buyers by Paul Solomons
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Canada needs to be building more homes to meet demand which is greater than official figures suggest.
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5/7/2019 | Posted in Home Buyers by Paul Solomons
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Young families in particular want strong transit links, short commute
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4/30/2019 | Posted in Home Buyers by Paul Solomons
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If you’re considering a custom-built home, here’s everything you need to know.
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4/4/2019 | Posted in Home Buyers by Paul Solomons
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Canada's housing agency says new spending measures aimed at helping first-time buyers afford homes won't push prices up more than a few tenths of a percentage ... More
11/30/2018 | Posted in Home Buyers by Paul Solomons
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CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers.
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10/4/2018 | Posted in Home Buyers by Paul Solomons
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CMHC’s new guidelines that make it easier for self-employed borrowers to qualify for a mortgage came into effect on Oct 1.
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9/13/2018 | Posted in Home Buyers by Paul Solomons
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Rising rents is making homeownership the affordable alternative according to a new report.
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9/4/2018 | Posted in Home Buyers by Paul Solomons
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Here are some interesting data about Gen Zers and their homeownership plans and goals.
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7/20/2018 | Posted in Home Buyers by Paul Solomons
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With detached family homes few and far between in Canada's major housing markets, these trends may leave new homebuyers in a lurch.
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7/19/2018 | Posted in Home Buyers by Paul Solomons
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Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage
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7/5/2018 | Posted in Home Buyers by Paul Solomons
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Toronto real estate may not be what it was one year ago, but it’s still a battle for home buyers.
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7/4/2018 | Posted in Home Buyers by Paul Solomons
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There appears to be little relief in sight for Canadian homebuyers, especially first-time buyers, as affordability is likely to worsen.
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6/12/2018 | Posted in Home Buyers by Paul Solomons
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Private lenders have doubled their share of Canadian mortgages since 2015.
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6/6/2018 | Posted in Home Buyers by Paul Solomons
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York Region municipal councillors have proposed a municipal land transfer tax, but the CEO of the Ontario Real Estate Association is imploring them to consider the ... More
5/23/2018 | Posted in Home Buyers by Paul Solomons
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A study out of Ryerson University warns of a severe housing shortage in the near future.
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5/16/2018 | Posted in Home Buyers by Paul Solomons
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First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year ... More
5/9/2018 | Posted in Home Buyers by Paul Solomons
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The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key metric used in stress tests that determine borrowers’ ... More
5/1/2018 | Posted in Home Buyers by Paul Solomons
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The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points.
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