First-time buyers feeling optimistic about the housing market
BMO released the results of a survey conducted by Pollara Strategic Insights, announcing that first-time buyers in Alberta are the most optimistic in the country about buying a new home with more than 50% thinking that now is a good time to do so.
Should Canadian home buyers consider using the FTHBI?
First announced back in March in the last federal budget, the FTHBI has been the point of some debate, both for how the program is structured, and for some of the restrictions it places on home buyers who may wish to use it.
Buying a detached home and the importance of patience
I have a confession to make - I’m slightly conflicted about the state of the Greater Toronto Area’s housing market. Is there actually an affordability crisis? Does the mortgage stress test actually need to be adjusted?
Canadian housing market comes in for a soft landing as prices continue to rise
While talk of a Canadian housing bubble was creeping back into some headlines, the market actually came in for a soft landing, according to a recent report from BMO Capital Markets.
Q&A with R. Scott Davie sheds light on the housing affordability crisis
We are in the middle of a housing affordability crisis. If price growth continues to outpace income growth, younger generations will have an extremely difficult time buying a home.
8 postdoctoral fellows receive funding to expand housing research in Canada
In an effort to spur innovation with regards to housing development in Canada, the federal government has announced funding for eight postdoctoral fellows.
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.
This is how much you need to make an hour to afford rent in Toronto
If you earn minimum wage, there’s a good chance you can’t afford to rent in any neighbourhood in Toronto, according to a new study by the Canadian Centre for Policy Alternatives.
OREA calls on political parties to ‘keep the home ownership dream alive’
With only a few months until the federal election, the Ontario Real Estate Association is calling on the four leading political parties to prioritize keeping the “home ownership dream alive.”
Should we be worried about the increase in mortgages with alternative lenders?
Government policy like the mortgage stress test was introduced to cool Canada’s housing market, which it did, but some buyers have decided to simply go a different route, and it could be bad for the overall health of the market.
