Tag: first time homebuyers
Any down payment that totals less than 20 per cent of the property value will require mortgage default insurance, and be considered a high ratio loan.
Moving to a new country can be a challenge. There can be language barriers, new ways of life and important necessities to figure out. One of those is securing housing. Statistics Canada said that immigrants account for more than one in five Canadians and that by 2055, immigrants will make up 90 percent of Canada's population …
Everyone makes mistakes, but when it comes to buying a home, those mistakes can be costly.
New data from the Bank of Montreal is shedding light on homebuyer habits, particularly those concerning first-time homebuyers.
Many Canadians, especially those who belong to the so-called Generation Y, are less than confident when it comes to their chances of financing a home purchase. Data from real estate firm Royal LePage shows that more than 72 percent of survey respondents born between 1980 and 1994 said they were pessimistic about their chances of …
The results of a new survey among Canadian homeowners reveals that finding a mortgage can be a time-consuming process for some. However, resources exist to make the process easier and more affordable in the long run.
When it comes to home loans, there’s plenty of talk about mortgage rates, but far less about mortgage insurance.
There are a couple of programs intended to make homeownership easier for first-time buyers.
There are a number of programs geared toward helping Canadian home buyers find an affordable deal.