Everything you need to know about the First Home Savings Account.
The First Home Savings Account (FHSA) is a new registered account you can use to save tax-free towards the purchase of your first home. In this article, we’ll break down…
How to buy a home with less than 20% down.
You’ve been browsing real estate ads and dreaming of homeownership but haven’t yet socked away enough cash for a down payment. The good news is there still may be a…
Making the right moves in Canada’s record-breaking real estate market.
The dream of homeownership is alive in Canada, with more Canadians than ever before eager to put a down payment on a new place of their own, despite skyrocketing housing…
BC Mortgage Survey 2021 | How low interest rates affect existing, prospective homeowners
Low interest rates continue to drive both confidence and pressure for British Columbians A poll hosted on the Angus Reid Forum for Coast Capital suggests that current low interest rates…
What are mortgage stress tests?
In June 1, 2021, the Office of the Superintendent of Financial Institutions (OFSI) proposed changes to strengthen mortgage stress tests for uninsured mortgages. OFSI proposed these changes to slow down…
Guide for first-time homebuyers: Stage three—closing on your home successfully
When you’re purchasing a home, the last step is called the closing process. If you are reading this, then you may be ready to finalize the last details of your…
Guide for first-time homebuyers: Stage two—surviving the mortgage process
Your offer was accepted on a home you really like! But don’t pop the cork just yet. As much as you want to celebrate, it’s time to get serious and…
Guide for first-time homebuyers: Stage one—How to get ready
Buying a home will likely be the largest purchase of your life, so how do you know you’re ready to own one? Apparently, the majority of Canadians are up for…
Your new home: Demystifying the down payment
Those looking to buy a home in 2024 are facing a lot of uncertainty about how realistic a 20% down payment is for Canadians in this economy. To help you…
