8/14/2022 | Posted in Home Buyers by Paul Solomons
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Housing affordability deteriorated to its worst level in over 30 years, according to data from the Bank of Canada.

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Real Estate & Mortgage News

  8/12/2022 | Posted in First Time Home Buyers by Paul Solomons
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Details of a new account to help Canadians save to buy their first home have been revealed this week.

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Real Estate & Mortgage News

  8/1/2022 | Posted in Home Buyers by Paul Solomons
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Here is a list of expenses you will have with carrying a home.

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Real Estate & Mortgage News

  7/30/2022 | Posted in Canada Living by Paul Solomons
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These circumstances create one of the greatest lifetime wealth-building opportunities for millennials and Gen Z.

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Real Estate & Mortgage News

  7/25/2022 | Posted in Toronto Real Estate by Paul Solomons
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New data is revealing how much money Toronto residents need to make in order to afford to purchase a home in the city.

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Real Estate & Mortgage News

  6/14/2022 | Posted in Interest Rates by Paul Solomons
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Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising.

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Real Estate & Mortgage News

  6/7/2022 | Posted in Canada Living by Paul Solomons
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The first quarter marked the fifth consecutive deterioration in housing affordability, and the worst drop yet, according to National Bank of Canada.

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Real Estate & Mortgage News

  6/3/2022 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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One day after raising the key interest rate by 50 basis points to 1.5 per cent, the Bank of Canada is warning Canadians that rates could rise above previously targeted levels ... More

Real Estate & Mortgage News

  6/1/2022 | Posted in Home Buyers by Paul Solomons
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Many wonder if and how their credit score affects their ability to buy a house.

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Real Estate & Mortgage News

  5/30/2022 | Posted in First Time Home Buyers by Paul Solomons
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Now that home prices have started to fall from their February peak, the federal government is reportedly planning to introduce limits on its First-Time Home Buyer Incentive ... More

Real Estate & Mortgage News

  5/19/2022 | Posted in Mortgage Interest Rates by Paul Solomons
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The cost of living continued to increase in April, raising the odds that the Bank of Canada will respond forcefully with at least a 50-basis-point rate hike at its June ... More

Real Estate & Mortgage News

  5/9/2022 | Posted in Interest Rates by Paul Solomons
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Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates.

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Real Estate & Mortgage News

  3/14/2020 | Posted in Ontario Real Estate by Paul Solomons
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Condo developers in Ontario looking to sell units to millennials and first-time home buyers could be barking up the wrong tree, according to a new survey from OREA.

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Real Estate & Mortgage News

  2/24/2020 | Posted in First Time Home Buyers by Paul Solomons
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Genworth Canada’s 2019 First-Time Homeownership Study provides a snapshot of the demographics of Canada’s first-time homebuyers (FTBs), what’s motivating them ... More

Real Estate & Mortgage News

  2/19/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for ... More

Real Estate & Mortgage News

  2/10/2020 | Posted in GTA Real Estate by Paul Solomons
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Mortgage stress test forces homebuyers further outside GTA to find house they can afford.

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Real Estate & Mortgage News

  1/27/2020 | Posted in Toronto Real Estate by Paul Solomons
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Two city councillors are pushing for a rethink of Toronto's municipal land transfer tax rebate for first-time home buyers, suggesting the cap should be increased to match ... More

Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  11/22/2019 | Posted in Canadian Housing Market by Paul Solomons
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Some fresh information on the status of the First-Time Home Buyer Incentive (FTHBI) and a possible increase on the $1M cap for insured ... More

Real Estate & Mortgage News

  10/16/2019 | Posted in Canadian Housing Market by Paul Solomons
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This demographic is likely to account for nearly 700,000 home sales over the next five years.

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Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  6/18/2019 | Posted in First Time Home Buyers by Paul Solomons
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While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem.

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Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  6/7/2019 | Posted in Interest Rates by Paul Solomons
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Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for ... More

Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  5/11/2019 | Posted in Canadian Housing Market by Paul Solomons
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The head of the Canada Mortgage and Housing Corporation (CMHC) gave a candid assessment of the country’s housing market, saying the “party” of homeownership ... More

Real Estate & Mortgage News

  5/10/2019 | Posted in First Time Home Buyers by Paul Solomons
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Having a sufficient down payment to afford the home they want is the largest concern of first-time buyers according to a new survey.

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Real Estate & Mortgage News

  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

Real Estate & Mortgage News
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