Owning a home is considered to be a rite of passage for many Canadians. It symbolizes independence. You set the rules, make the decisions, take financial responsibility and invest in your future.   Renting doesn’t give you much control over the property. You are under the landlord’s mercy when it comes to following rules written […]

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Just because the timing doesn’t work currently, doesn’t mean you have to lose hope about buying a home. Here are some common reasons people don’t receive mortgage approvals right away and ways to increase their chances of being approved for a mortgage in the future.   Start by asking why you didn’t qualify for the […]

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Saving a down payment to buy a home can be the biggest challenge first-time home buyers’ face. In Canada, the minimum down payment is five percent of a home’s purchase price that is under $500,000. If the home’s purchase price is over $500,000, the requirement is five percent on the first $500,000 and ten percent […]

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Saving for a down payment is a challenge for many first-time home buyers. It can be the only hurdle standing in the way of homeownership. The Government of Canada acknowledged the difficulty first-time home buyers were facing and established the Home Buyers’ Plan (HBP).   The Home Buyers’ Plan allows first-time home buyers, people who […]

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