12/20/2022 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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High home prices and rising interest rates over the course of 2022 have made it significantly harder for buyers to qualify for the average mortgage. ... More

A $200,000+ income is now needed to qualify for an average mortgage in Toronto & Vancouver

  12/15/2022 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Canada's banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged. ... More

OSFI leaves mortgage stress test unchanged

  12/5/2022 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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With Canada’s banking regulator set to deliver its verdict in mid-December on whether changes to the mortgage stress test are required, a prominent economist at one of the ... More

Is a change to the mortgage stress test on the way?

  11/23/2022 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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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 Sam Cuda & Nancy Cuda
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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 Sam Cuda & Nancy Cuda
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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. ... More

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 Sam Cuda & Nancy Cuda
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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 imminent. ... More

OSFI has no plans to loosen the stress test

  9/9/2022 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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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 ... More

Canadian banking regulator insists it will not budge over mortgage rules

  9/8/2022 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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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 sudden ... More

Canadians turning to credit unions for mortgages as interest rates jump

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

BoC's Affordability Index reaches its worst level since 1991

  8/1/2022 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Here is a list of expenses you will have with carrying a home. ... More

What Are the Monthly Expenses of Carrying a Home?

  7/31/2022 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Here are the pros and cons of buying a house in a recession - and everything in between. ... More

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

  6/1/2022 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Many wonder if and how their credit score affects their ability to buy a house. ... More

How Does Your Credit Score Affect Your Mortgage Interest Rate?

  1/3/2020 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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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. ... More

Five Things Every New Condo Buyer Should Know

  12/13/2019 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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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. ... More

Owning a home is a pipedream for many Canadian millennials

  9/16/2019 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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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 Sam Cuda & Nancy Cuda
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New data shows the country’s youngest buyers are being affected most by the government’s mortgage stress tests. ... More

Mortgage Stress Test Sidelining Young Buyers

  6/18/2019 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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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 Sam Cuda & Nancy Cuda
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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 Sam Cuda & Nancy Cuda
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The Conservative Party leader says he's "absolutely committed" to reviewing the rule. ... More

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

  5/15/2019 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Canada needs to be building more homes to meet demand which is greater than official figures suggest. ... More

Housing demand is stronger than we're told: CIBC

  5/7/2019 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Young families in particular want strong transit links, short commute ... More

Transit is increasingly a deal-breaker for Canadian homebuyers

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

How Much Does It Cost to Build a House?

  4/4/2019 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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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 point. ... More

CMHC releases statement on Liberals' mortgage plan

  11/30/2018 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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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. ... More

More homebuyers opted for variable rates in Q3 says CMHC

  10/4/2018 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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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. ... More

New CMHC Guidelines in Effect for Self-Employed

  9/13/2018 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Rising rents is making homeownership the affordable alternative according to a new report. ... More

Canadians can't afford NOT to buy study suggests

  9/4/2018 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Here are some interesting data about Gen Zers and their homeownership plans and goals. ... More

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

  7/20/2018 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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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. ... More

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

  7/19/2018 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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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 ... More

CMHC makes announcement regarding self-employed borrowers
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