Tag Archives: Homebuyers

As Canadians grapple with interest rate hikes and high mortgage payments, there is a growing demand for houses with secondary units, like basement apartments and laneway homes, real estate experts say. Recent changes in zoning bylaws in cities across Ontario and Alberta have offered greater flexibility for building new secondary …

Ontario is expanding deposit insurance to credit unions for homebuyers. Public and Business Service Delivery Minister Kaleed Rasheed says the measures will help protect Ontario credit union members who are saving for their first home. The changes would apply to credit union members who have a first home savings account. …

New analysis is shining some light on the “daunting” costs many Ontario homebuyers face in their first year of ownership, particularly in the Toronto area. Point2 Homes released new data on Thursday looking at upfront costs and annual recurring expenses, including closing costs, the down payment, mortgage, property tax and …

With a housing market that’s pricing out many in the Greater Toronto Area and stricter mortgage rules in Canada, private lending is becoming more popular among those looking to secure loans to buy a home — but experts warn there are risks involved. The value and number of mortgages funded …

Some buyers who years ago purchased builds in a housing development in Stayner, Ont., are fuming and calling for government intervention after they were told they would need to fork over $175,000 above what was agreed upon in contracts with the developer before their homes will finally be built. CBC …

As in previous years, reading the Bank of Canada’s annual Financial System Review can be enough to send your pulse racing, and not in a good way. On the bright side, this time around, those most likely to suffer from the bank’s warnings will be young enough to withstand the health effects …