Blog | Terra Realty

Ford government poised to waive HST on all new homes as sector struggles

3/16/2026 | Posted in Home Buyers by Terra Realty
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The Ford government is poised to offer all home buyers a significant tax discount on newly built homes, in a major expansion of a government program designed to breathe life into ... More

HST New Housing Rebate, New Condos, New Home Sales, New Homes, Ontario Government, Ontario Living

OSFI leaves mortgage stress test in place, reaffirms LTI limits for lenders

1/29/2026 | Posted in Home Buyers by Terra Realty
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OSFI offered no new direction on the qualifying rate, but reiterated that loan-to-income caps for uninsured mortgages remain in place and opened a new six-month consultation tied ... More

First Time Home Buyers, Home Buyers, OSFI, Stress Test

Homeownership costs in Canada fall to most affordable level in three years

7/3/2025 | Posted in Home Buyers by Terra Realty
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RBC says interest rate cuts are helping, but many markets remain out of reach ... More

Housing Affordability

High down payments No. 1 barrier for new home buyers: CPA

5/6/2025 | Posted in Home Buyers by Terra Realty
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Housing affordability continues to cause distress for potential Canadian homeowners, according to a new CPA Canada-BDO Debt Solutions survey, but the building industry is having ... More

First Time Home Buyers, Home Buyers

Canada's banking regulator considers alternative to mortgage stress test

3/11/2025 | Posted in Home Buyers by Terra Realty
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Canada’s top banking regulator is considering a new approach to mortgage risk management that could replace the current stress test with stricter rules on how much banks can ... More

Canada Living, First Time Home Buyers, Home Buyers, Mortgage Consumers, OSFI

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