Down payments

On the market to buy a home? Purchasing a home in Canada requires plenty of preparation – both mental and financial.

In a recent post, we looked at just how unaffordable some parts of the country have become. However, if you have your heart set on owning property, we’ve done some analysis on which everyday luxuries you … Read More

Here are some of the stories that caught our eye this week:

Canada’s hot housing market has made it difficult for first-time homebuyers looking to enter the market. With sky-high housing prices, the ability to gather enough funds for a down payment has become increasingly more difficult.

The Government of British Columbia plans to provide first-time homebuyers with an interest-free loan for their down payment on a home.

Federal regulators should consider increasing the minimum down payment on homes to reduce economic risks, according to the head of the Canada Mortgage and Housing Corporation (CMHC).