Browsing: homebuyers

By Devin Stevens Housing Minister John White announced Tuesday the First-time Homebuyers Program, a four-year pilot that will lower the usual five per cent down payment…

Brokers have a new tool to offer those who aren’t yet ready to take the leap into homeownership. Today, TMG The Mortgage Group announced a new…

Fstop123 | E+ | Getty ImagesFor homebuyers, getting one preapproval for a mortgage that has palatable terms may seem good enough. More than two-thirds — 69%…

Many Ontario buyers enter the housing market feeling financially ready, but that confidence often unravels at closing when mortgage terms, adjustments and unexpected costs surface. A…

By Allison Jones The Ontario government had previously signalled that if the federal government removed its portion of the harmonized sales tax for first-time homebuyers, the…

Loan type Down payment minimum Credit score minimum Debt-to-income (DTI) ratio maximum Conventional loan 3% 620 45% FHA loan 3.5% 580* 50% VA loan 0% Usually…

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On a campaign stop in Port Moody, B.C., this weekend, Singh unveiled a plan to offer low-interest, fixed-term mortgages directly backed by the federal government. The…

The government was forced to hand down its fiscal plan when it was unable to call the 2025 election earlier this month, meaning this year’s budget…

One of the biggest hurdles for many first-time homebuyers is getting that down payment together. We understand, especially if you’re trying to scrape together 20% of…