Builders report 33% drop in first-time buyers
It’s now been more than a year since the stress test came into effect. The policy requires that you qualify at 2% higher than your agreed upon rate with your lender. This test applies whether you put down more or less than 20% on the home.
Housing slowdown gives first-time buyers a chance in Canada’s biggest cities
Royal LePage recently released the results of its House Price Survey for the first quarter of 2019, which focuses on the three most popular housing types: two-storey homes, bungalows, and condos.
4 major hurdles for first-time buyers and how to get over them
When it comes to buying your first home, there are many hurdles to leap. The high prices in the Greater Toronto Area (GTA) add to the intimidation factor if you’ve never gone through the homebuying process before.
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
This first-time buyer doesn’t care about cost per square foot
We recently had the opportunity to chat with a first-time buyer about his decision to buy a new construction condo either in downtown Toronto or the Danforth area. As you read through the questions and answers, you’ll find that
48% of Canadians feel B-20 hurts first-time buyers: survey
It’s getting a whole lot pricier to get a mortgage in Canada – with the economy back on track and household debt on the rise, policy makers have been tightening the interest rate reins at the fastest pace in a decade.
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
First-Time Buyers Program at Hampshire Mews in Richmond Hill
As veteran industry consultant, Barry Lyon, stated a few weeks ago, it’s looking like 2014 will be the “year of incentives,” where builders and developers will alter their marketing strategies to appeal to first-time buyers and end-users. Just last week,
20 grants and loans for first-time buyers in Ontario
Saving a sufficient down payment is tough enough on its own and when coupled with rising interest rates and tough qualification rules – which includes a mortgage stress test– affording a home becomes very difficult for some.
4 reasons first-time buyers should stay positive
With home prices continuing to rise in the Greater Toronto Area (GTA) and condo prices in both the resale and new market expected to grow this year, it’s easy for first-time buyers to feel defeated. In addition to rising prices, the new stress-testing
