Here’s what you need to know about the First-time Home Buyer Incentive

The government’s First-Time Home Buyer Incentive (FTHBI) comes into effect today. The program, aimed at making it easier for young people to buy their first home by lowering new buyers’ monthly mortgage payments. According to the program, which was introduced by the Liberals in their 2019 budget, the federal government will absorb five per cent […]

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Home sales rise for 5th month in a row in July, prices up 4% in past year

Canada’s housing market is showing signs of coming out of stress-test slumber   Canada’s housing market is showing signs of coming out of the slumber it had been in since mortgage stress tests were implemented last year, as sales and prices have started to rise again, the Canadian Real Estate Association says. CREA said Thursday […]

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Revisions to the stress test would help slower housing markets

Anyone looking for more proof a national housing market exists only in mortgage lenders’ vaults and bureaucratic hallways should review the June report from the Canadian Real Estate Association (CREA). Yes, mortgage providers, most operating across the country, must look at their businesses from a national perspective. If one area of the country is doing […]

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Where to buy in a cooling housing market? New Westminster is a good bet, report says

Uptown New Westminster tops real estate analysis for second year in a row   Vancouver has long been the hot market for home buyers, but some in the industry suggest looking outside the city for investment potential. An analysis of real estate markets across Greater Vancouver by financial publication MoneySense puts the neighbourhood of Uptown in New Westminster, B.C., at […]

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