First Time Buyers
Real Estate News
Half Of Canadians Think They Will Never Be Able To Buy A Home
The share of Canadians who think they will never break into the housing market has edged up 15% over the past six months, according to a new report.
Sep 20, 2023
Money
Despite Sluggish Uptake Amongst Most Major Banks, “Tens Of Thousands” Have Opened An FHSA With RBC
Alongside National Bank, RBC is one of the few major Canadian banks to get their FHSA up and running in April. Scotiabank, CIBC, and BMO have indicated that their FHSAs will be available for customers later this year.
Real Estate News
More Than Two Thirds Of First-Time Homebuyers Worry About Affording A Down Payment
As home prices and interest rates rise, first-time homebuyers are increasingly worried about their ability to break into the market.
Real Estate News
Canadian Cities With the Cheapest First Year of Homeownership: Report
Want to enter the market while forking over less cash? A new report names 15 Canadian cities with the cheapest first year of homeownership.
Expert: Interest Rates Are Putting The Brakes On Buying
"We aren't quite out of the woods when it comes to further rate hikes, as frustrating as that may be."
Real Estate News
Despite Uncertain Climate, Two-Thirds of Canadians Hold High Hopes of Homeownership
Despite the rocky real estate climate as of late, many Canadians still have their sights set on the dream of homeownership.
Taxes
Changes to the Municipal Land Transfer Tax Would Increase Affordability in Toronto
With housing affordability becoming an increasingly urgent issue, TRREB is calling for changes to the Municipal Land Transfer Tax.
Personal Finance
“People Really Want to Own Real Estate”: GTA Homebuyers Will Reenter the Fall Market with Fresh Hope
Real estate experts expect that GTA homebuyers will regroup and return to house-hunting this fall -- but lending conditions are tightening up.
Mortgages
Federal Liberal Budget Includes Billions for Housing Accelerator Fund
Over $100B in spending is to be rolled out in the federal budget including a new Housing Accelerator Fund aimed at creating new supply.
Mortgages
Federal Budget Cracks Down on Money Laundering, Speculative Real Estate Investment
The 2022 Federal Budget has been unveiled and includes a number of housing measures such as an anti-flipping tax and foreign buyer's ban.
Toronto
Turns Out the "Bank of Mom and Dad" is Funding Fewer Down Payments Than You'd Think
The Bank of Mom and Dad -- gifting adult children with the cash they need to buy a home -- may fund fewer down payments than expected.
GTA
Affordable Housing
New Financial Solutions Bring Hope (and Ownership) to First-Time Buyers
Ourboro's co-ownership model makes buying a home possible for those without a large enough down payment, thanks to their pool of investors.
Mortgages
Investors Make Up Nearly 20% of All Homebuyers During the Pandemic
A new survey finds investors make up 19% of all Canadian homebuyers in the last 18 months, putting further pressure on housing supply.
First Time Buyers
Parental Down Payment Gifts Broke $10 Billion in Canada Last Year: CIBC
Some 36% of first-time homebuyers in Canada have received down payment help from the vaunted bank of mom and dad in the last 12 months.
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