Did you buy a new pre-construction condo as your first home? As your occupancy approaches, you’re probably getting super excited to move in, but there are a few things that many first-time buyers forget about at this important milestone moment.
Sixteen months after the implementation of the federal government’s B-20 mortgage stress test regulations, TD Bank released an examination of its effects. Basically, the stress test did what it was supposed to do, but had some unintended consequences.
We tend to always have a slight focus on first-time buyers, but now that we’re fully in spring mode, we want to shift the focus into a higher gear. For all of May, we’ll have even more tips and news for and about first-time buyers!
As home prices continue to rise in Ontario, first-time buyers are getting slightly less optimistic and are seeking out larger financial gifts from friends and family, according to recent survey results.