first-time homebuyers Archives - Mortgage Rates & Mortgage Broker News in Canada

CMHC discontinues First-Time Home Buyer Incentive

CMHC to scrap First-Time Home Buyer Incentive and refocus funding on other tools

March 1, 2024 No Comments

The government has announced it will be discontinuing its First-Time Home Buyer Incentive (FTHBI) program later this month.

Optimism prevails among first-time and prospective homebuyers despite economic challenges, survey finds

June 20, 2023 No Comments

Despite rising interest rates and a challenging economic environment, first-time and prospective homebuyers are much more optimistic about Canada’s housing market compared to the general population.

Four in 10 Parents Helped with Their Child’s Home Purchase: OREA

February 22, 2022 1 Comment

It’s no secret that the only way many young homebuyers in major cities are able to afford their purchase is with help from their parents.

75% of Gen Z Adults Plan to Buy a Home Despite Affordability Hurdle

December 10, 2021 No Comments

Home ownership continues to be a priority for most young adults. Three quarters of Generation Z adults in Canada plan to buy a home in their lifetime, half of whom say that goal is “very likely.”

Buyers shun first-time home buyers incentive

Homebuyers Shun CMHC’s First-Time Home Buyer Incentive

June 23, 2021 5 Comments

The federal government’s First-Time Home Buyers Incentive was meant to offer a path to homeownership for those unable to tap the ‘Bank of Mom and Dad’ for down payment assistance.

First-Time Home Buyer Incentive 2.0 Now Available

May 3, 2021 1 Comment

Long-awaited tweaks to the government’s First-Time Home Buyer Incentive became official on Monday.

First-Time Home Buyer Incentive to Become More Useful in Select Markets

December 4, 2020 No Comments

First-time homebuyers in three of Canada’s most expensive housing markets will soon have an easier time qualifying for the First-Time Home Buyer Incentive (FTHBI).

Latest in Mortgage News: Toronto and Vancouver Home Sales Up 25+% in October

November 5, 2020 No Comments

The postponed spring housing market has now extended its run well into the fall, with home sales in Toronto and Vancouver up 25% and 29%,

young canadians and homeownership intentions

Pandemic Has Increased Homebuying Intentions Among Young Canadians

September 29, 2020 No Comments

There may be uncertainty on the horizon for the country’s real estate market, but young Canadians are undeterred and remain optimistic about the prospect of buying a home.

Latest in Mortgage News: Homeownership Becoming a “Pipe Dream” for Millennials

December 6, 2019 No Comments

A growing number of millennials are resigning themselves to the fact that homeownership may be out of reach for them, according to a new poll.

first-time homebuyers