first-time homebuyers Archives - Mortgage Rates & Mortgage Broker News in Canada

Ready to buy a home? What experts say many buyers forget to consider first

May 27, 2025 1 Comment

A down payment is a big step for homebuyers, but definitely not the only one.

More Canadians are relying on gifts and co-signers to buy a home: CMHC

May 23, 2025 No Comments

More first-time homebuyers are entering the market—and doing so more quickly—but many are increasingly relying on gifts and other forms of financial assistance.

Yukon launches first-time homebuyer loan program to pay up to half of down payments

April 24, 2025 No Comments

Yukon’s government is launching a first-time homebuyer program in the territory that will see eligible residents receive low-interest loans to help with down payments.

Singh pledges low-interest, government-backed mortgages for first-time homebuyers

March 31, 2025 No Comments

NDP Leader Jagmeet Singh is proposing a new government-backed mortgage program to help more Canadians get into the housing market—particularly first-time buyers who have been priced out in recent years.

Carney pledges to cut GST for first-time buyers of homes under $1M

March 20, 2025 7 Comments

Prime Minister says move will save Canadians up to $50,000 and boost housing supply amid affordability crisis

Ontario’s housing market reset: New data reveals shifting buyer trends and investor pullback

February 20, 2025 2 Comments

Ontario’s housing market has been characterized by extremes in recent years, and some new data paints perhaps the clearest picture yet of how the market has shifted.

New mortgage rules take effect today; more may be coming on Monday, economist says

December 14, 2024 No Comments

Two sweeping mortgage reforms take effect today, December 15, targeting housing affordability and easing financial pressures—changes that may be followed by more announcements this week.

CMHC discontinues First-Time Home Buyer Incentive

CMHC to scrap First-Time Home Buyer Incentive and refocus funding on other tools

March 1, 2024 No Comments

The government has announced it will be discontinuing its First-Time Home Buyer Incentive (FTHBI) program later this month.

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.

first-time homebuyers