How are homeownership and unemployment connected?
Evan Siddall, chief executive of Canada Mortgage and Housing Corporation (CMHC), told a Bank of England audience last week that we should be thinking about raising down payment requirements for insurance-backed loans. Since 1998, the Canadian government
First-time buyer land transfer tax rebate increasing to $4,000
The Ontario Real Estate Association (OREA) just announced that first-time buyers will soon receive a bigger and better land transfer tax rebate!In the 2016 Fall Economic Statement, the Government of Ontario announced that the Land Transfer Tax rebate is
Adulting 101: How to prepare for homeownership
By many standards, you haven’t truly attained grown-up status until you have moved out and can fully support yourself without retreating back to your parents’ basement. That said, there are steps you should take as a youngster to prepare for
How do you choose between space and location when buying a new condo?
In today’s new condo market, it all comes does to two things; space and location. Before you make any other decisions, this is a tough one that you need to tackle, especially if you’re a first-time buyer. So, how do you choose between space and location
Reid’s Heritage Homes goes the extra mile for a couple in love
It’s not every day we receive heartwarming news from a builder, so this is a rare (and adorable) treat for our readers. Reid’s Heritage Homes New Homes Sales Consultant, Chris Roth, recently conspired with first-time buyer, Philippe, in his elaborate
What are millennials spending their money on?
In a recent opinion piece in the Globe and Mail, columnist Margaret Wente asserted that the housing market was “rigged against millennials” for one simplistic reason: the Liberal government hamstringing development. While she may be right that land use
5 questions move-up buyers need to ask themselves
With the rising price of housing in the Greater Toronto Area (GTA) and surrounding areas and the recent mortgage rule changes, first-time buyers aren’t the only ones struggling. The average price of a new low-rise home in the GTA is nearly $1 million, so
Attempting to understand the new mortgage rules
As new mortgage rules take effect this week that make stress-testing mandatory for all insured mortgages, I’m left scratching my head. The new rule requires a stress-test for all insured mortgages, i.e. it will affect any prospective buyer with less than
Buying your first home will cost more than you think
If you’re buying your first home, you’re probably focusing on saving enough money for the downpayment. That’s a great start, but you should know that there are many other fees and expenses that come with buying a home.Depending on who you ask, it is
First-time buyers are flocking to Daniels FirstHome™ Sunny Meadow in Brampton!
The weekend everyone has been waiting for is almost here! Daniels FirstHome™ Sunny Meadow in Brampton will go on sale on Saturday, October 15th at 8 am sharp! Yesterday, Daniels started previewing Sunny Meadow to registrants and the public. There are
