Parents aren’t just helping their kids buy homes — they’re helping pay rent: poll
More than a third of parents with kids under the age of 18 indicated that they intend on helping their children pay their rent. Continue reading
First-time Homebuyers
ANALYSIS: Finance Minister Bill Morneau’s odd plan to help homebuyers won’t help with housing affordability
By David Akin Chief Political Correspondent
The chief economist at TD Bank said the budget’s measures to help first-time homebuyers could actually push housing prices up by as much as 5 per cent. And that means the Liberals’ attempts to make it easier for first-time home buyers could actually make it worse. Continue reading
Banks sell mortgage insurance, but independent experts say you shouldn’t buy it
Consider life insurance instead Continue reading
B.C.’s first-time home buyer loan program launches
B.C.’s housing minister says a program to help first-time homebuyers received applications within hours of launching. Continue reading
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. Continue reading
New federal mortgage rules come into effect today
New federal rules that will cut into the purchasing power of some first-time homebuyers take effect today. Continue reading
New real estate rules to dampen home sales beyond Toronto and Vancouver, banks say
Finance Minister Bill Morneau announced “three complementary measures designed to reinforce the Canadian housing finance system.” Continue reading
$1,000 down payment among Canada’s affordable home ownership options
Toronto’s Options for Homes and Montreal’s Accès Condos are two non-profits making home ownership more affordable. Could their model work across Canada? Continue reading