5/24/2020 | Posted in Home Buyers by Sarah Milley
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The Bank of Canada is set to reduce its qualifying rate ten basis points, from 5.04 to 4.94 percent according a new report.

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Bank of Canada to drop qualifying rate

  1/3/2020 | Posted in Home Buyers by Sarah Milley
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Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer.

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Five Things Every New Condo Buyer Should Know

  12/13/2019 | Posted in Home Buyers by Sarah Milley
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Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey.

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Owning a home is a pipedream for many Canadian millennials

  9/16/2019 | Posted in Home Buyers by Sarah Milley
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In an election announcement on Thursday, Liberal Party Leader Justin Trudeau promised to turbocharge the First-Time Home Buyer Incentive (FTHBI) for Canadians who live in ... More

What to know about the Liberals' new housing-incentive promise

  8/24/2019 | Posted in Home Buyers by Sarah Milley
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New data shows the country’s youngest buyers are being affected most by the government’s mortgage stress tests.

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Mortgage Stress Test Sidelining Young Buyers

  6/18/2019 | Posted in Home Buyers by Sarah Milley
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The incentive will allow eligible first-time homebuyers who have the minimum down payment for an insured mortgage with CMHC, Genworth or Canada Guaranty, to apply to finance a ... More

First-Time Home Buyer Incentive To Launch In September

  6/13/2019 | Posted in Home Buyers by Sarah Milley
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Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More

Price growth expectations and financial risk: top influences for homebuyers

  5/17/2019 | Posted in Home Buyers by Sarah Milley
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The Conservative Party leader says he's "absolutely committed" to reviewing the rule.

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Andrew Scheer Says He Wants To Scale Back Canada's Mortgage Stress Test

  5/15/2019 | Posted in Home Buyers by Sarah Milley
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Canada needs to be building more homes to meet demand which is greater than official figures suggest.

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Housing demand is stronger than we're told: CIBC

  5/7/2019 | Posted in Home Buyers by Sarah Milley
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Young families in particular want strong transit links, short commute

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Transit is increasingly a deal-breaker for Canadian homebuyers

  4/30/2019 | Posted in Home Buyers by Sarah Milley
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If you’re considering a custom-built home, here’s everything you need to know.

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How Much Does It Cost to Build a House?

  4/4/2019 | Posted in Home Buyers by Sarah Milley
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Canada's housing agency says new spending measures aimed at helping first-time buyers afford homes won't push prices up more than a few tenths of a percentage ... More

CMHC releases statement on Liberals' mortgage plan

  11/30/2018 | Posted in Home Buyers by Sarah Milley
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CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers.

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More homebuyers opted for variable rates in Q3 says CMHC

  10/4/2018 | Posted in Home Buyers by Sarah Milley
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CMHC’s new guidelines that make it easier for self-employed borrowers to qualify for a mortgage came into effect on Oct 1.

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New CMHC Guidelines in Effect for Self-Employed

  9/13/2018 | Posted in Home Buyers by Sarah Milley
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Rising rents is making homeownership the affordable alternative according to a new report.

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Canadians can't afford NOT to buy study suggests

  9/4/2018 | Posted in Home Buyers by Sarah Milley
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Here are some interesting data about Gen Zers and their homeownership plans and goals.

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Nearly half of Gen Zers want to buy a home in the next few years

  7/20/2018 | Posted in Home Buyers by Sarah Milley
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With detached family homes few and far between in Canada's major housing markets, these trends may leave new homebuyers in a lurch.

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9 in 10 seniors plan to stay in their homes while retired

  7/19/2018 | Posted in Home Buyers by Sarah Milley
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Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage

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CMHC makes announcement regarding self-employed borrowers

  7/5/2018 | Posted in Home Buyers by Sarah Milley
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Toronto real estate may not be what it was one year ago, but it’s still a battle for home buyers.

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Majority Of Toronto And Vancouver Real Estate For Sale Sees Bidding Wars

  7/4/2018 | Posted in Home Buyers by Sarah Milley
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There appears to be little relief in sight for Canadian homebuyers, especially first-time buyers, as affordability is likely to worsen.

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Affordability likely to get worse says RBC Economics

  6/12/2018 | Posted in Home Buyers by Sarah Milley
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Private lenders have doubled their share of Canadian mortgages since 2015.

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Private lending becomes new normal

  6/6/2018 | Posted in Home Buyers by Sarah Milley
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York Region municipal councillors have proposed a municipal land transfer tax, but the CEO of the Ontario Real Estate Association is imploring them to consider the ... More

Proposed land transfer tax too much to bear, says OREA

  5/23/2018 | Posted in Home Buyers by Sarah Milley
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A study out of Ryerson University warns of a severe housing shortage in the near future.

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Unprepared market due for shock

  5/16/2018 | Posted in Home Buyers by Sarah Milley
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First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year ... More

Higher interest rates add to home buyer struggles

  5/9/2018 | Posted in Home Buyers by Sarah Milley
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The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key metric used in stress tests that determine borrowers’ ... More

Bank of Canada raises qualifying mortgage rate after Big Six banks hike rates

  5/1/2018 | Posted in Home Buyers by Sarah Milley
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The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points.

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CIBC hikes interest rate

  4/15/2018 | Posted in Home Buyers by Sarah Milley
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A recent survey conducted found that a growing proportion of Canadian homebuyers reported feeling pinched by the stress tests which came into effect January 2018.

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New rules forcing home buyers to increase budgets, delay purchases

  4/5/2018 | Posted in Home Buyers by Sarah Milley
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The results of a fresh study conducted by Royal Bank of Canada showed that fully 32% of Canadians are likely to buy a home in the next two years (up by 7% from last ... More

Millennials to lead the charge in a future surge of home purchases

  4/3/2018 | Posted in Home Buyers by Sarah Milley
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The still-rising prices of homes in many Canadian markets are making homeownership increasingly unaffordable and mortgages harder to secure.

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Detached home buyers need 53% down payment says DBRS

  2/2/2018 | Posted in Home Buyers by Sarah Milley
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The recent increases in interest rates appear not to have dampened the intentions of most Canadian home buyers.

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Most buyers won't delay despite rate rises
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