6/14/2022 | Posted in Interest Rates by Terra Realty
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Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising. ... More
6/7/2022 | Posted in Canada Living by Terra Realty
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The first quarter marked the fifth consecutive deterioration in housing affordability, and the worst drop yet, according to National Bank of Canada. ... More
6/3/2022 | Posted in Canadian Economy and Interest Rates by Terra Realty
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One day after raising the key interest rate by 50 basis points to 1.5 per cent, the Bank of Canada is warning Canadians that rates could rise above previously targeted levels in ... More
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
5/30/2022 | Posted in First Time Home Buyers by Terra Realty
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Now that home prices have started to fall from their February peak, the federal government is reportedly planning to introduce limits on its First-Time Home Buyer Incentive ... More
5/19/2022 | Posted in Mortgage Interest Rates by Terra Realty
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The cost of living continued to increase in April, raising the odds that the Bank of Canada will respond forcefully with at least a 50-basis-point rate hike at its June meeting. ... More
5/9/2022 | Posted in Interest Rates by Terra Realty
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Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates. ... More
3/14/2020 | Posted in Ontario Real Estate by Terra Realty
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Condo developers in Ontario looking to sell units to millennials and first-time home buyers could be barking up the wrong tree, according to a new survey from OREA. ... More
2/24/2020 | Posted in First Time Home Buyers by Terra Realty
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Genworth Canada’s 2019 First-Time Homeownership Study provides a snapshot of the demographics of Canada’s first-time homebuyers (FTBs), what’s motivating them ... More
2/19/2020 | Posted in Mortgages and Real Estate by Terra Realty
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for uninsured ... More
2/10/2020 | Posted in GTA Real Estate by Terra Realty
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Mortgage stress test forces homebuyers further outside GTA to find house they can afford. ... More
1/27/2020 | Posted in Toronto Real Estate by Terra Realty
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Two city councillors are pushing for a rethink of Toronto's municipal land transfer tax rebate for first-time home buyers, suggesting the cap should be increased to match the ... More
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
11/22/2019 | Posted in Canadian Housing Market by Terra Realty
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Some fresh information on the status of the First-Time Home Buyer Incentive (FTHBI) and a possible increase on the $1M cap for insured ... More
10/16/2019 | Posted in Canadian Housing Market by Terra Realty
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This demographic is likely to account for nearly 700,000 home sales over the next five years. ... More
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
6/18/2019 | Posted in First Time Home Buyers by Terra Realty
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While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem. ... More
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
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
6/7/2019 | Posted in Interest Rates by Terra Realty
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Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for borrowers. ... More
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
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
5/11/2019 | Posted in Canadian Housing Market by Terra Realty
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The head of the Canada Mortgage and Housing Corporation (CMHC) gave a candid assessment of the country’s housing market, saying the “party” of homeownership as a ... More
5/10/2019 | Posted in First Time Home Buyers by Terra Realty
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Having a sufficient down payment to afford the home they want is the largest concern of first-time buyers according to a new survey. ... More
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
3/22/2019 | Posted in First Time Home Buyers by Terra Realty
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The First-Time Home Buyer Incentive actually reduces affordability. ... More
3/19/2019 | Posted in Canadian Housing Market by Terra Realty
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Budget offers an array of incentives aimed at first-time homebuyers, raises the limit on tax-free RRSP withdrawals. ... More
2/26/2019 | Posted in Mortgages and Real Estate by Terra Realty
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Ten per cent of Canadians no longer qualify for a mortgage with banks. ... More
2/22/2019 | Posted in Mortgages and Real Estate by Terra Realty
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The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head. ... More
2/7/2019 | Posted in Mortgages and Real Estate by Terra Realty
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The federal government appears to be considering a budget announcement that would allow first-time homebuyers to obtain 30-year insured mortgages, up from the 25-year limit now, ... More
