11/6/2025 | Posted in First Time Home Buyers by Becky Lu-Do
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The Ford government is expecting to spend $470 million to give first-time Ontario homebuyers a tax break on new homes — a figure first revealed in Thursday’s fall ... More
10/28/2025 | Posted in First Time Home Buyers by Becky Lu-Do
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The Ford government will waive its portion of the sales tax on new homes for first-time buyers up to the value of $1 million as it bids to stimulate slumping home sales and ... More
5/28/2025 | Posted in First Time Home Buyers by Becky Lu-Do
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To lower the upfront cost of buying a new home for young Canadians and spur the construction of new homes across the country, the government is eliminating the Goods and ... More
12/24/2024 | Posted in First Time Home Buyers by Becky Lu-Do
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Introduced in April 2023, the First Home Savings Account (FHSA) is a game-changer for Canadians looking to save for their first home, combining the best features of an RRSP and ... More
10/31/2024 | Posted in First Time Home Buyers by Becky Lu-Do
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With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the prospect of saving enough for a down payment to enter the real estate market can be ... More
8/2/2024 | Posted in First Time Home Buyers by Becky Lu-Do
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The Canada Mortgage and Housing Corporation (CMHC) has officially launched Home Start, a 30-year mortgage option for first-time homebuyers purchasing newly constructed homes. ... More
7/29/2024 | Posted in First Time Home Buyers by Becky Lu-Do
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Mortgage down payment gifts from family members remain a crucial factor for first-time homebuyers in Canada, even as the housing market cools and economic conditions ... More
6/25/2024 | Posted in First Time Home Buyers by Becky Lu-Do
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More than one-third of first-time homebuyers in Ontario are getting help with their down payment and the average gift now tops $100,000, according to a report from CIBC.
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6/1/2024 | Posted in First Time Home Buyers by Becky Lu-Do
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New home savings accounts have been used by 624,000 Canadians according to tax data, with a median deposit of $2,040.
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2/24/2020 | Posted in First Time Home Buyers by Becky Lu-Do
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Genworth Canada’s 2019 First-Time Homeownership Study provides a snapshot of the demographics of Canada’s first-time homebuyers (FTBs), what’s motivating them ... More
6/18/2019 | Posted in First Time Home Buyers by Becky Lu-Do
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While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem.
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5/10/2019 | Posted in First Time Home Buyers by Becky Lu-Do
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Having a sufficient down payment to afford the home they want is the largest concern of first-time buyers according to a new survey.
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3/22/2019 | Posted in First Time Home Buyers by Becky Lu-Do
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The First-Time Home Buyer Incentive actually reduces affordability.
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4/30/2018 | Posted in First Time Home Buyers by Becky Lu-Do
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The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of ... More
1/9/2017 | Posted in First Time Home Buyers by Becky Lu-Do
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The tightened mortgage rules introduced by the federal government last year are having a negative effect on the homebuying plans of first-time buyers.
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6/14/2016 | Posted in First Time Home Buyers by Becky Lu-Do
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Young Canadians are increasingly receiving help from their parents in order to become first-time buyers in Vancouver and Toronto.
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1/25/2016 | Posted in First Time Home Buyers by Becky Lu-Do
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The Canada Revenue Agency has issued a reminder to first-time buyers that they could qualify for $5,000.
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6/24/2015 | Posted in First Time Home Buyers by Becky Lu-Do
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A body that represents Canada’s home builders is pushing the federal government for changes which would make building and buying a home easier. Among the measures that ... More
6/10/2015 | Posted in First Time Home Buyers by Becky Lu-Do
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First-time buyers are driving the housing market but are increasingly turning to credit to afford the downpayment on a new home.
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5/14/2015 | Posted in First Time Home Buyers by Becky Lu-Do
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Canadian homebuyers are willing to compromise on the size of their new home but some things are not negotiable. That was one of the findings in a survey of 12,000 homebuyers ... More
4/14/2015 | Posted in First Time Home Buyers by Becky Lu-Do
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Typical first-time Canadian home buyers tend to be childless, university-educated couples in their 30s purchasing detached homes, often with a helping hand from their ... More
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