home buyers News and Articles | My Blog
Here's why a mortgage broker thinks a 30-year amortization is a 'trap'
10/25/2024 | Posted in Home Buyers by Paul DeAdder
The federal government allowed 30-year mortgage amortizations for first-time homebuyers purchasing new builds in August, and the new rules are set to expand in December to ... More
Most Canadian renters can't afford to buy a home due to insufficient income
6/21/2024 | Posted in Home Buyers by Paul DeAdder
Many Canadian renters do not plan to purchase a home in the near future, with affordability challenges being a significant factor.
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Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey
4/30/2024 | Posted in Home Buyers by Paul DeAdder
The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows.
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Fixed mortgage rates are rising. What's the deal?
4/18/2024 | Posted in Home Buyers by Paul DeAdder
As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up.
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CMHC to scrap First-Time Home Buyer Incentive and refocus funding on other tools
3/2/2024 | Posted in Home Buyers by Paul DeAdder
The federal government has announced it will be discontinuing its First-Time Home Buyer Incentive (FTHBI) program as of March 21.
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One-third of Canadians considering alternative home ownership models amid low affordability
2/27/2024 | Posted in Home Buyers by Paul DeAdder
One third of Canadians are considering alternative home ownership models, a new survey has found, as purchasing a home remains out of reach amid an ongoing affordability ... More
OSFI seeks to address problem of fixed-payment variable-rate mortgages
9/8/2023 | Posted in Home Buyers by Paul DeAdder
It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that ... More
Canada's mortgage stress test: Obsolete or still doing its job?
8/14/2023 | Posted in Home Buyers by Paul DeAdder
Originally introduced to mitigate borrower default risks in the event of rising interest rates, some brokers now argue that Canada’s mortgage stress test is no longer ... More
Demand grows in Canada for short-term fixed-rate mortgages
5/17/2023 | Posted in Home Buyers by Paul DeAdder
A string of aggressive interest rate hikes from the Bank of Canada is driving short-term fixed-rate mortgage demand higher, according to a new survey.
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Five Things Every New Condo Buyer Should Know
1/3/2020 | Posted in Home Buyers by Paul DeAdder
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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Owning a home is a pipedream for many Canadian millennials
12/13/2019 | Posted in Home Buyers by Paul DeAdder
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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What to know about the Liberals' new housing-incentive promise
9/16/2019 | Posted in Home Buyers by Paul DeAdder
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
Mortgage Stress Test Sidelining Young Buyers
8/24/2019 | Posted in Home Buyers by Paul DeAdder
New data shows the country’s youngest buyers are being affected most by the government’s mortgage stress tests.
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First-Time Home Buyer Incentive To Launch In September
6/18/2019 | Posted in Home Buyers by Paul DeAdder
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
Price growth expectations and financial risk: top influences for homebuyers
6/13/2019 | Posted in Home Buyers by Paul DeAdder
Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More
Andrew Scheer Says He Wants To Scale Back Canada's Mortgage Stress Test
5/17/2019 | Posted in Home Buyers by Paul DeAdder
The Conservative Party leader says he's "absolutely committed" to reviewing the rule.
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Housing demand is stronger than we're told: CIBC
5/15/2019 | Posted in Home Buyers by Paul DeAdder
Canada needs to be building more homes to meet demand which is greater than official figures suggest.
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Transit is increasingly a deal-breaker for Canadian homebuyers
5/7/2019 | Posted in Home Buyers by Paul DeAdder
Young families in particular want strong transit links, short commute
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How Much Does It Cost to Build a House?
4/30/2019 | Posted in Home Buyers by Paul DeAdder
If you’re considering a custom-built home, here’s everything you need to know.
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CMHC releases statement on Liberals' mortgage plan
4/4/2019 | Posted in Home Buyers by Paul DeAdder
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
