When will the new condo market cater to first-time buyers? Image

When will the new condo market cater to first-time buyers?

There was a time when the Greater Toronto Area’s (GTA) new condo market was catering to first-time buyers. And it wasn’t as long ago as you might think. Today, first-time buyers are few and far between, and it doesn’t look like things are going to change

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Things you should NEVER do when you live in a condo Image

Things you should NEVER do when you live in a condo

No matter where you live, a low-rise home on a quiet suburban street or in the heart of downtown in a 40-storey tower, it’s always important to be respectful of your neighbours. With that in mind, we want to share a list of a few things you should never

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Will millennials put an end to NIMBYism? Image

Will millennials put an end to NIMBYism?

Say what you want about the oft-maligned millennials, but they may well be the generation that puts an end to NIMBYism for good.The “not in my backyard” attitude that has historically hampered development in some of the city’s most desirable

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71% of first-time buyers use their own savings for a down payment Image

71% of first-time buyers use their own savings for a down payment

The Canada Mortgage and Housing Corporation (CMHC) released the results of its annual Mortgage Consumer Survey, announcing some not-so-shocking statistics about first-time buyers. The survey was completed by 3,002 mortgage consumers that participated in

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A crash course on buying new construction homes Image

A crash course on buying new construction homes

It’s been a while since we provided a few tips and notes about buying new construction homes. Whether you’re buying your first home or you’re buying direct from the builder or developer for the first time, the list below will be helpful!  1) Registering

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How to deal with moving back home Image

How to deal with moving back home

Living at home is no longer taboo. Tuition and transportation are enough to leave a post-grad millennial with depleted funds and a defeated attitude. Paying astronomical rent or mortgage fees on top of these expenses can transform some wallets into

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First-time buyer advice from the pros Image

First-time buyer advice from the pros

We recently had the pleasure of chatting with four well known real estate industry experts. We discussed the various market cooling strategies being proposed and we also asked them if they had any first-time buyer advice, since this segment is probably

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You can always move to Nova Scotia to buy your first home Image

You can always move to Nova Scotia to buy your first home

Struggling to buy your first home in Ontario? Just move to Nova Scotia where the government and Housing Nova Scotia just announced a new Down Payment Assistance Pilot Program for first-time buyers. “The Government of Canada is pleased to partner with the

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'More than half of intending buyers will be first-time buyers in 2017': Jason Mercer

We recently had the opportunity to hear Jason Mercer’s thoughts on the different strategies being proposed to cool the Greater Toronto Area’s (GTA) housing market. As Director Market Analysis for the Toronto Real Estate Board (TREB), Jason is the

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36% of millennials believe renting is better than owning Image

36% of millennials believe renting is better than owning

CIBC recently surveyed more than 3,000 Angus Reid Forum panellists online about their thoughts on homeownership. The survey was conducted between March 16th and 20th and included homeowners and tenants. The survey uncovered the fact that many millennials

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