Down Payment

• Here’s what it takes to buy a home in Canada’s ‘soul-crushing’ housing market

  Housing affordability has only worsened as inflation soars and Canadians struggle to save for a down payment. We break down what it takes to buy in today's market.

  Money

  May 26, 2022
  
• Vancouver Island municipality offers homebuyers down-payment grants

  The Victoria-area city of Langford is offering a helping hand to those who have a dream of owning their own home by providing a five-per-cent down payment on their purchase.

  Politics

  Oct 24, 2021
  
• Advertisement
• More Canadians renting for a decade or more before buying first home: CMHC survey

  Thirty-one per cent of new buyers said they rented for a decade or more before purchasing a house. That's up from 22 per cent in 2018.

  Consumer

  Nov 15, 2019
• Advertisement
• Attainable Homes program facing new challenges as Calgary housing market drops

  Set up in 2009, Attainable Homes provides funding so people can meet the five per cent threshold for a down payment.

  Consumer

  Sep 20, 2018
• Home sweet home — prairie baby boomer homeowners prefer to stay put: survey

  A Royal LePage survey found 67 per cent of baby boomer homeowners in Manitoba and Saskatchewan prefer to remain in their current homes over moving or downsizing.

  Aug 8, 2018
• $13M in down payment loans driving Vancouver condo prices up: Economist

  A B.C. government program to help first-time homeowners with their down payment has loaned out more than $13-million in its first six months, but one economist warns it's heating the market.

  Jun 26, 2017
• Why homebuyers should stay away from this popular financing strategy

  Bottom line: If you can't afford a larger down payment, buy a smaller home or keep renting.

  Canada

  Apr 27, 2017
• Down payment help: What parents, kids should know before money is gifted

  Financial experts offer their advice to cash-strapped millennials looking to buy their first home with a helping hand from family.

  Consumer

  Jan 16, 2017
• Advertisement
• Canada should consider requiring bigger mortgage down payments: CMHC

  The head of Canada's federal housing agency says regulators should explore the possibility of raising the minimum down payment required on a home as a way of easing affordability and reducing risk to the financial system.

  Money

  Nov 18, 2016
• Advertisement
• Saskatchewan gives out $2M to help grads buy homes

  More than $2 million has been approved under Saskatchewan's plan to help new graduates buy their first home.

  Politics

  Jun 28, 2016