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 ... More

The Canada Mortgage and Housing Corporation (CMHC) has officially launched Home Start, a 30-year mortgage option for first-time homebuyers purchasing newly constructed homes. Will ... More

Mortgage down payment gifts from family members remain a crucial factor for first-time homebuyers in Canada, even as the housing market cools and economic conditions tighten. ... More

More than one-third of first-time homebuyers in Ontario are getting help with their down payment and the average gift now tops $100,000, according to a report from CIBC. ... More

New home savings accounts have been used by 624,000 Canadians according to tax data, with a median deposit of $2,040. ... More

Genworth Canada’s 2019 First-Time Homeownership Study provides a snapshot of the demographics of Canada’s first-time homebuyers (FTBs), what’s motivating them ... More

While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem. ... More

Having a sufficient down payment to afford the home they want is the largest concern of first-time buyers according to a new survey. ... More

The First-Time Home Buyer Incentive actually reduces affordability. ... More

The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of ... More

The tightened mortgage rules introduced by the federal government last year are having a negative effect on the homebuying plans of first-time buyers. ... More

Young Canadians are increasingly receiving help from their parents in order to become first-time buyers in Vancouver and Toronto. ... More

The Canada Revenue Agency has issued a reminder to first-time buyers that they could qualify for $5,000. ... More

A body that represents Canada’s home builders is pushing the federal government for changes which would make building and buying a home easier. Among the measures that the ... More

First-time buyers are driving the housing market but are increasingly turning to credit to afford the downpayment on a new home. ... More

Canadian homebuyers are willing to compromise on the size of their new home but some things are not negotiable. That was one of the findings in a survey of 12,000 homebuyers ... More

Typical first-time Canadian home buyers tend to be childless, university-educated couples in their 30s purchasing detached homes, often with a helping hand from their families. ... More