11/23/2022 | Posted in Home Buyers by Sheru Asnani
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Variable-rate mortgage holders who have recently purchased their homes will be especially burdened by the prevailing rate-hike environment, according to Bank of Canada senior ... More

Recent homebuyers to find rate increases painful: BoC

  11/15/2022 | Posted in Home Buyers by Sheru Asnani
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Already a source of huge debate in the mortgage industry since its introduction, the mortgage stress test came under scrutiny from executives at top Canadian lenders during a ... More

Canada's mortgage stress test - leading lenders weigh in

  10/4/2022 | Posted in Home Buyers by Sheru Asnani
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With high inflation and rising interest rates, a new survey has found nearly one in five Canadians say they're putting off buying a home.

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Nearly 1 in 5 Canadians putting off buying a home due to inflation, high interest rates: survey

  9/14/2022 | Posted in Home Buyers by Sheru Asnani
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Despite today’s mortgage borrowers having to qualify at rates in excess of 6% and 7%, Canada’s banking regulator said no changes to the stress test are ... More

OSFI has no plans to loosen the stress test

  9/9/2022 | Posted in Home Buyers by Sheru Asnani
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Renewed calls to re-evaluate the stress test came in the wake of the Bank of Canada's latest outsized rate hike

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Canadian banking regulator insists it will not budge over mortgage rules

  9/8/2022 | Posted in Home Buyers by Sheru Asnani
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In a country where the Big Six banks control 80 per cent mortgage market share, Canada’s smaller lenders are making some rare headway after the Bank of Canada’s ... More

Canadians turning to credit unions for mortgages as interest rates jump

  8/14/2022 | Posted in Home Buyers by Sheru Asnani
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Housing affordability deteriorated to its worst level in over 30 years, according to data from the Bank of Canada.

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BoC's Affordability Index reaches its worst level since 1991

  8/1/2022 | Posted in Home Buyers by Sheru Asnani
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Here is a list of expenses you will have with carrying a home.

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What Are the Monthly Expenses of Carrying a Home?

  7/31/2022 | Posted in Home Buyers by Sheru Asnani
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Here are the pros and cons of buying a house in a recession - and everything in between.

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What are the pros and cons of buying a house in a recession?

  6/1/2022 | Posted in Home Buyers by Sheru Asnani
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Many wonder if and how their credit score affects their ability to buy a house.

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How Does Your Credit Score Affect Your Mortgage Interest Rate?

  1/3/2020 | Posted in Home Buyers by Sheru Asnani
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Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer.

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Five Things Every New Condo Buyer Should Know

  12/13/2019 | Posted in Home Buyers by Sheru Asnani
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Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey.

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Owning a home is a pipedream for many Canadian millennials

  9/16/2019 | Posted in Home Buyers by Sheru Asnani
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In an election announcement on Thursday, Liberal Party Leader Justin Trudeau promised to turbocharge the First-Time Home Buyer Incentive (FTHBI) for Canadians who live in ... More

What to know about the Liberals' new housing-incentive promise

  8/24/2019 | Posted in Home Buyers by Sheru Asnani
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New data shows the country’s youngest buyers are being affected most by the government’s mortgage stress tests.

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Mortgage Stress Test Sidelining Young Buyers

  6/18/2019 | Posted in Home Buyers by Sheru Asnani
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The incentive will allow eligible first-time homebuyers who have the minimum down payment for an insured mortgage with CMHC, Genworth or Canada Guaranty, to apply to finance a ... More

First-Time Home Buyer Incentive To Launch In September

  6/13/2019 | Posted in Home Buyers by Sheru Asnani
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Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More

Price growth expectations and financial risk: top influences for homebuyers

  5/17/2019 | Posted in Home Buyers by Sheru Asnani
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The Conservative Party leader says he's "absolutely committed" to reviewing the rule.

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Andrew Scheer Says He Wants To Scale Back Canada's Mortgage Stress Test

  5/15/2019 | Posted in Home Buyers by Sheru Asnani
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Canada needs to be building more homes to meet demand which is greater than official figures suggest.

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Housing demand is stronger than we're told: CIBC

  5/7/2019 | Posted in Home Buyers by Sheru Asnani
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Young families in particular want strong transit links, short commute

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Transit is increasingly a deal-breaker for Canadian homebuyers

  4/30/2019 | Posted in Home Buyers by Sheru Asnani
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If you’re considering a custom-built home, here’s everything you need to know.

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How Much Does It Cost to Build a House?

  4/4/2019 | Posted in Home Buyers by Sheru Asnani
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Canada's housing agency says new spending measures aimed at helping first-time buyers afford homes won't push prices up more than a few tenths of a percentage ... More

CMHC releases statement on Liberals' mortgage plan

  11/30/2018 | Posted in Home Buyers by Sheru Asnani
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CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers.

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More homebuyers opted for variable rates in Q3 says CMHC

  10/4/2018 | Posted in Home Buyers by Sheru Asnani
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CMHC’s new guidelines that make it easier for self-employed borrowers to qualify for a mortgage came into effect on Oct 1.

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New CMHC Guidelines in Effect for Self-Employed

  9/13/2018 | Posted in Home Buyers by Sheru Asnani
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Rising rents is making homeownership the affordable alternative according to a new report.

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Canadians can't afford NOT to buy study suggests

  9/4/2018 | Posted in Home Buyers by Sheru Asnani
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Here are some interesting data about Gen Zers and their homeownership plans and goals.

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Nearly half of Gen Zers want to buy a home in the next few years

  7/20/2018 | Posted in Home Buyers by Sheru Asnani
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With detached family homes few and far between in Canada's major housing markets, these trends may leave new homebuyers in a lurch.

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9 in 10 seniors plan to stay in their homes while retired

  7/19/2018 | Posted in Home Buyers by Sheru Asnani
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Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage

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CMHC makes announcement regarding self-employed borrowers

  7/5/2018 | Posted in Home Buyers by Sheru Asnani
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Toronto real estate may not be what it was one year ago, but it’s still a battle for home buyers.

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Majority Of Toronto And Vancouver Real Estate For Sale Sees Bidding Wars

  7/4/2018 | Posted in Home Buyers by Sheru Asnani
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There appears to be little relief in sight for Canadian homebuyers, especially first-time buyers, as affordability is likely to worsen.

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Affordability likely to get worse says RBC Economics

  6/12/2018 | Posted in Home Buyers by Sheru Asnani
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Private lenders have doubled their share of Canadian mortgages since 2015.

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Private lending becomes new normal
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