Things you should know before moving into your new condo during interim occupancy Image

Things you should know before moving into your new condo during interim occupancy

Moving into your new condo is an exciting thing to do, especially if you’re a first-time buyer. If you’re moving in before the building is registered and you’re paying interim occupancy fees, it means there will likely still be construction underway. 

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What to expect when applying for a mortgage for the first time Image

What to expect when applying for a mortgage for the first time

When you buy a new home preconstruction, the builder requires you to provide proof of pre-approval, but this is much different than applying for a mortgage. 

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Canada launches $100 million program to support first-time buyers Image

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.

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Shared home ownership goals more important than looks when it comes to millennials dating Image

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.

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Nearly half of Canadian parents plan to help their kids buy a home Image

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.

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Ontario home prices need to drop more than $300,000 to be affordable for millennials Image

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

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Could the FTHBI even be used in Toronto? INFOGRAPHIC Image

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.

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The FTHBI won’t improve housing affordability in the Greater Toronto Area Image

The FTHBI won’t improve housing affordability in the Greater Toronto Area

Right before the federal election, Canada’s First-Time Home Buyer Incentive will kick into action, making it easier for thousands of buyers across the country to dive into the market.

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Everything you need to know about Canada’s First-Time Home Buyer Incentive Image

Everything you need to know about Canada’s First-Time Home Buyer Incentive

If you’re a first-time buyer in Canada, you’ve likely been waiting for details on the federal government’s First-Time Home Buyer Incentive program. Well, the details are here, including a start date.

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More than half of Canadian millennials considering buying a recreational property Image

More than half of Canadian millennials considering buying a recreational property

According to the 2019 RE/MAX Recreational Property Omnibus Survey, 56% of Canadian millennials are considering buying a recreational property. This is a 14% increase compared to last year. 

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