Takeaways from CMHC’s Latest Housing Market Outlook
Canada Mortgage and Housing Corporation (CMHC) expects home prices to bottom out this year, but they aren’t expected to fall below pre-pandemic levels.
New First Home Savings Account Now Available!
First-time homebuyers can now take advantage of an extra downpayment savings tool as of April 3rd, 2023 in the form of the First Home Savings Account (FHSA) courtesy of the federal government.
Foreign Homebuyer Ban Amendments Announced
On March 27th, the federal government announced amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act’s accompanying Regulations to enhance the flexibility of newcomers and businesses looking to add to Canada’s housing supply, effective immediately.
How are Canadians Feeling About Homeownership in Today’s Market?
It’s no surprise that many Canadians are feeling the pinch of higher inflation, higher interest rates and higher home prices. But an overwhelming majority continue to believe real estate is a good long-term investment.
When are Alternative Mortgage Lenders Helpful?
Are you worried about being turned down for a mortgage or not being able to renew with your existing lender? If so, you’re not alone.