Introduction Housing affordability is once again at the center of Canada’s political debate. With the federal election on the horizon, former Bank of Canada Governor and potential Liberal leadership candidate Mark Carney has proposed removing the Goods and Services Tax (GST) on new home purchases for first-time buyers. The aim is to provide meaningful relief...
Wondering whether to choose an insured or uninsured mortgage? No matter, which bank or lender you are lending with, residential mortgages in Canada fall into two categories, namely insured or uninsured mortgage. One of the many advantages of being a first-time home buyer in Canada is the ability to purchase with as little as 5%...
The changed scenario in the housing market of Canada can be pretty exciting and overwhelming for first-time homebuyers. Just recently, it has become possible to stretch mortgage terms up to 30 years. Although this can provide some flexibility in the management of the monthly payments, there is still a careful weighing of the advantages and...
Are you on the lookout to buy your first home? If yes, we know how anxious you might be feeling about your home-buying experience, especially getting approved for a mortgage. Buying a new home is an expensive investment for first time buyers and requires a lot of research and market insights. When it comes to...
Buying your first home is a thrilling milestone, but it can also be an overwhelming experience, especially in today’s dynamic real estate market. With fluctuating prices and evolving mortgage options, navigating the path to homeownership requires careful planning and research. It would be best to find one of the most reputable first time home buyer...
