gifting down payments Archives - Mortgage Rates & Mortgage Broker News in Canada

Thinking of gifting a down payment this holiday season? Here’s what you should know

December 22, 2024 No Comments

With the holiday season in full swing, many Canadians are focused on gift giving. For some, that includes helping loved ones take their first steps toward homeownership with a financial contribution for their down payment.

What you need to know before helping your child with a home down payment

October 31, 2024 No Comments

With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the prospect of saving enough for a down payment to enter the real estate market can be a daunting task for first-time buyers.

Optimism prevails among first-time and prospective homebuyers despite economic challenges, survey finds

June 20, 2023 No Comments

Despite rising interest rates and a challenging economic environment, first-time and prospective homebuyers are much more optimistic about Canada’s housing market compared to the general population.

Four in 10 Parents Helped with Their Child’s Home Purchase: OREA

February 22, 2022 1 Comment

It’s no secret that the only way many young homebuyers in major cities are able to afford their purchase is with help from their parents.

Parents helping kids with mortgage down payments

Parents to the Rescue: Average Size of Gifted Down Payments Rises to $82,000

October 25, 2021 No Comments

As home prices have risen sharply in recent years, so too has the amount of down payment assistance parents are willing to give their kids.

gifting down payments

Thinking of gifting a down payment this holiday season? Here’s what you should know

What you need to know before helping your child with a home down payment

Optimism prevails among first-time and prospective homebuyers despite economic challenges, survey finds

Four in 10 Parents Helped with Their Child’s Home Purchase: OREA

Parents to the Rescue: Average Size of Gifted Down Payments Rises to $82,000

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