Why I’m having second thoughts about the First-Time Home Buyer Incentive Image

Why I’m having second thoughts about the First-Time Home Buyer Incentive

So, I’ve had some time to contemplate the federal government’s moves to make buying a home easier and more affordable for first-time buyers, and I’m now having some second thoughts. 

Read More
Is your credit score high enough to get approved for a mortgage in the GTA? Image

Is your credit score high enough to get approved for a mortgage in the GTA?

Whether or not you get approved for a mortgage in the GTA has a lot to do with your credit score, among other factors such as your employment status and debt levels.

Read More
How the government is planning to improve housing affordability for first-time buyers Image

How the government is planning to improve housing affordability for first-time buyers

Finance Minister Bill Morneau tabled the Government of Canada’s Budget 2019 yesterday, and there was an emphasis on improving housing affordability for first-time buyers.

Read More
Canadians want bigger first-time buyer tax credit in federal budget: survey Image

Canadians want bigger first-time buyer tax credit in federal budget: survey

There’s no doubt that housing affordability – or the lack thereof – has been one of the biggest financial challenges facing Canadians in recent years. That’s led to growing pressure on the federal government to take action.

Read More
4 ways to make buying a home easier for first-time buyers Image

4 ways to make buying a home easier for first-time buyers

I recall seeing young couples buying new detached homes in Brampton, Markham, Mississauga, Oakville, Oshawa, all across the Greater Toronto Area and surrounding regions. Today, I’m seeing fewer and fewer first-time buyers, even in new condo sales centres.

Read More
5 things to consider when applying for a mortgage Image

5 things to consider when applying for a mortgage

When you buy a new home preconstruction, there can be a few years between getting pre-approved for your mortgage and your final closing (when you actually need to qualify for your mortgage).

Read More
3 ways to improve the mortgage stress test Image

3 ways to improve the mortgage stress test

At the end of 2018, I wrote about the idea of reducing or repealing the mortgage stress test. Now I want to suggest some possible amendments that would make the stress test more fair now that interest rates are rising and home prices are still high. 

Read More
2019 will be another challenging year for first-time buyers Image

2019 will be another challenging year for first-time buyers

You thought first-time buyers had it tough in 2018 - it’s looking like 2019 may be even harder on singles and couples looking to step onto the homeownership ladder. 

Read More
Is it time to repeal the B-20 stress test? Image

Is it time to repeal the B-20 stress test?

An interesting article caught my eye at the end of last week - executives at Mattamy Homes and the Canadian Home Builders’ Association believe that the B-20 stress test should be repealed or at the very least reduced. 

Read More
See what this first-time buyer has to say about applying for a mortgage Image

See what this first-time buyer has to say about applying for a mortgage

Getting pre-approved is one thing, but when it comes to applying for a mortgage, the process can be confusing and intimidating, especially if you’re a first-time buyer. There’s an extra layer to the process if you’re buying a new

Read More

Sign-up for our Newsletter