Tag: home-buying
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Ontario Listings of the Week- Friday, July 19, 2024
Welcome to our weekly roundup of Ontario’s top listings! Every week, we feature the best properties across the province, from stylish Toronto condos to mind blowing mansions with their own aiplane runway and tennis court. Whether you’re searching for your dream home or just love keeping up with real estate trends, our Top Listings of…
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Canada to allow 30-year amortization for first-time buyers’ mortgages on new homes
In a move celebrated by housing advocates, the Canadian federal government has announced an extension of the amortization period for insured mortgages targeted at first-time homebuyers. This policy adjustment, declared by Finance Minister Chrystia Freeland in Toronto, aims to make homeownership more accessible amid escalating property prices and rents. Key Changes to Amortization Rules Starting…
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Canada’s CMHC Announces Termination of First-Time Homebuyer Incentive Program
The Canada Mortgage and Housing Corporation (CMHC) has announced the termination of its first-time homebuyer incentive program, effective immediately. The final deadline for new or revised applications has been set for midnight Eastern Time on March 21. Originally introduced to assist first-time homebuyers in reducing their monthly mortgage expenses, the program allowed the government to…
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Here’s What $1M Homes Look Like Across Canada
Although $1 million may fall below the average home price in major Canadian real estate markets such as Toronto and Vancouver, this budget can offer an exceptional range of properties in many other cities across the country. From coast to coast, a $1 million budget can provide access to a diverse selection of properties, such…
Canada Housing Market 