Tag: home-buying
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New Data Shows Ontario’s First-Time Homebuyers Are Now 40 Years Old
If you’re thinking it’s taking longer to break into the Ontario housing market, you’re not alone- and the stats back it up. The median age of first-time homebuyers in Ontario has jumped from 36 to 40 over the past decade, according to a recent Teranet report, a clear sign of how affordability struggles are reshaping…
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The New First-Time Buyer Incentives in Canada in 2025 (And What They Really Mean)
🚨 Big News for First-Time Home Buyers in 2025 Buying your first home in Canada just got a little easier. In 2025, the federal and some provincial governments are rolling out new and improved incentives to help first-time buyers overcome today’s biggest challenges: saving for a down payment, affording monthly mortgage payments, and competing in…
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First-Time Home Buyer in Canada? 2025 Programs, Grants, and Loopholes You Need to Know
Entering the Canadian housing market as a first-time home buyer in 2025 presents both opportunities and challenges. With various programs, grants, and tax incentives available, understanding these options can significantly ease the financial burden of purchasing your first home. Below is a comprehensive guide to the key initiatives you should be aware of. 1. Home…
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What $1 Million Gets You Across Canada in 2025
Wondering what $1 million buys you in Canada in 2025? While real estate prices in Toronto and Vancouver often dominate headlines, there’s a whole world of opportunity outside these high-priced markets. If you’re looking to stretch your budget and get the most value for your money, many Canadian cities still offer spacious, stylish homes at…
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Canada’s New Mortgage Reforms Take Effect December 15 and Here’s Everything Homebuyers Need To Know
The Canadian government is introducing major mortgage changes that will take effect on December 15, 2024. These reforms are being called the “boldest in decades” and are designed to tackle the country’s housing affordability issues, especially in expensive cities like Toronto and Vancouver. Key Changes Starting December 15 Raising the CMHC Insured Mortgage Cap The…
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Canadian government announces boldest mortgage reforms in decades and here is everything you need to know
The Department of Finance Canada has rolled out some big changes to mortgage rules, aiming to make it easier for Canadians, especially Millennials and Gen Z, to buy their first home. Starting August 1, 2024, new mortgage regulations now allow 30-year insured mortgage amortizations for first-time buyers purchasing new builds. Key Mortgage Reforms You Should…
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Ontario Listings of the Week- Friday, July 26, 2024
Welcome to our weekly roundup of Ontario’s top listings! Every week, we feature the best properties across the province, from cozy condos in the city to multi-million dollar mansions with the backyard of your dreams. See below to discover your future home or browse to stay on top of the current market. Here are the…
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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…
Canada Housing Market 