Tag: first-time homebuyer programs

How to buy your first home by 29

February 26, 2018 | By | 3 Comments

What’s the rush?  The financial “why” HSBC did an interesting study in the UK in 2014.  It suggested that if you buy your first home by 29, you create a positive cycle that not only benefits your own financial situation, but that of your future children as well.  Buying early gives enough of a boost that you […]

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Do you look like the next generation of homebuyers?

August 14, 2017 | By | Add a Comment

First-time homebuyers survey This past June, Mortgage Professionals Canada published their survey results on the next generation of homebuyers – adults under the age of 40 who don’t currently own a home, but who expect to own in the near future.  If you’re planning on buying, or help a child get into home ownership, these […]

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Mortgage default insurance going up March 17

February 1, 2017 | By | Add a Comment

We’re all looking to save a little money – every little bit helps. If you’re planning to buy with less than 20% down, you have to get mortgage default insurance, because your mortgage is considered a high ratio mortgage. The insurance provides protection for the lender in the case of a default. Canada’s biggest insurer of […]

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Single and want to buy your first home?

January 25, 2016 | By | 4 Comments

Here’s what you need to know One of the fastest growing trends in Canada is single people buying their first home on their own, rather than waiting for a partner.  According to CMHC, in 2011 a full 42% of owner-occupied condos housed singletons, and single person households are expected to continue growing. Are you wondering if […]

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Financial rock and roll – Feb 2015 Home and Mortgage Newsletter is here!

February 1, 2015 | By | Add a Comment

Want a solid financial foundation? We all do, especially when thinking about retirement down the road.  And if there’s a lot of debt holding us back, it can get pretty stressful.  Trying to add an RRSP contribution to the mix, as many experts suggest (check out Rob Carrick’s article on why saving for retirement beats […]

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Smart RRSP strategies for first-time homebuyers

February 15, 2014 | By | 3 Comments

RRSP: To contribute or not to contribute? The RRSP contribution deadline is looming – it’s March 3rd this year – and I’ve gotten quite a few calls and emails over the last couple of days from people scrambling to make a last minute decision on whether or not to max out their RRSP, because they expect […]

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Use your RRSP for the down payment on your first home – here’s how

June 6, 2013 | By | 3 Comments

Buying your first home? Wishing you’d saved more? Maybe you have, but didn’t know it. There are several programs to help first-time buyers get into home ownership.  The Home Buyers’ Program, or HBP, allows you to access RRSP money to purchase your first home. Why do it? The most obvious reason is to boost your down payment.  The bigger your down payment, the smaller […]

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