12/5/2022 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

  11/23/2022 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

  11/15/2022 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

  10/4/2022 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

  9/14/2022 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

  9/9/2022 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

  9/8/2022 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  1/3/2020 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

  12/13/2019 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

  9/16/2019 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  6/18/2019 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

  6/13/2019 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  5/7/2019 | Posted in Home Buyers by Terra Realty
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Young families in particular want strong transit links, short commute ... More

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  4/4/2019 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

  11/30/2018 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

  10/4/2018 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  7/20/2018 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

  7/19/2018 | Posted in Home Buyers by Terra Realty
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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

Real Estate & Mortgage News

  7/5/2018 | Posted in Home Buyers by Terra Realty
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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. ... More

Real Estate & Mortgage News

  7/4/2018 | Posted in Home Buyers by Terra Realty
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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. ... More

Real Estate & Mortgage News