first time home buyers News and Articles | My Blog
10 first-time homebuyer trends
2/24/2020 | Posted in First Time Home Buyers by Paul DeAdder
Genworth Canada’s 2019 First-Time Homeownership Study provides a snapshot of the demographics of Canada’s first-time homebuyers (FTBs), what’s motivating them ... More
Despite new details, First-Time Home Buyer Incentive is flawed
6/18/2019 | Posted in First Time Home Buyers by Paul DeAdder
While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem.
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Down payments are the biggest fear for first-time buyers
5/10/2019 | Posted in First Time Home Buyers by Paul DeAdder
Having a sufficient down payment to afford the home they want is the largest concern of first-time buyers according to a new survey.
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First-Time Home Buyer Incentive reduces qualifying power
3/22/2019 | Posted in First Time Home Buyers by Paul DeAdder
The First-Time Home Buyer Incentive actually reduces affordability.
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OSFI stress test has cut millennial purchasing power by $40K
4/30/2018 | Posted in First Time Home Buyers by Paul DeAdder
The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of ... More
First-time buyers delaying due to mortgage rules
1/9/2017 | Posted in First Time Home Buyers by Paul DeAdder
The tightened mortgage rules introduced by the federal government last year are having a negative effect on the homebuying plans of first-time buyers.
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Bank of mom, dad vital for millennial first-time buyers
6/14/2016 | Posted in First Time Home Buyers by Paul DeAdder
Young Canadians are increasingly receiving help from their parents in order to become first-time buyers in Vancouver and Toronto.
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CRA's $5,000 reminder to first-time buyers
1/25/2016 | Posted in First Time Home Buyers by Paul DeAdder
The Canada Revenue Agency has issued a reminder to first-time buyers that they could qualify for $5,000.
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Builders call for longer amortizations for first-time buyers
6/24/2015 | Posted in First Time Home Buyers by Paul DeAdder
A body that represents Canada’s home builders is pushing the federal government for changes which would make building and buying a home easier. Among the measures that ... More
First-time buyers are driving the housing market
6/10/2015 | Posted in First Time Home Buyers by Paul DeAdder
First-time buyers are driving the housing market but are increasingly turning to credit to afford the downpayment on a new home.
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Size matters less than quality to Canadian homebuyers
5/14/2015 | Posted in First Time Home Buyers by Paul DeAdder
Canadian homebuyers are willing to compromise on the size of their new home but some things are not negotiable. That was one of the findings in a survey of 12,000 homebuyers ... More
One-quarter of first-time home buyers had family help, survey finds
4/14/2015 | Posted in First Time Home Buyers by Paul DeAdder
Typical first-time Canadian home buyers tend to be childless, university-educated couples in their 30s purchasing detached homes, often with a helping hand from their ... More
