Blog Posts

Discover how the new program introduced by the 2024 Canadian Budget benefits new buyers, newcomers, and the self-employed in their mortgage journey and what it means for housing affordability.

As newcomers to Canada, preparing for one of the most significant milestones—purchasing a home—can be both exciting and challenging. With the right guidance, newcomers can master the home purchasing process, leading them to their dream home and cementing their presence in their new country of residence.

For newcomers to Canada, understanding and navigating the home-buying process can be challenging. From learning about mortgage options to finding the right property and securing mortgage approval, becoming a homeowner in a new country requires research, planning, and a strategic approach.

Embarking on the journey toward homeownership can feel simultaneously exciting and overwhelming, especially for first-time homebuyers navigating the intricacies of the mortgage process. For new buyers, newcomers to Canada, and self-employed individuals, understanding the ins and outs of various mortgage products, such as Debt Service Coverage Ratio (DSCR) loans, is crucial in making informed decisions and securing financing tailored to your specific needs and financial circumstances.

New Canadian home buyers will soon be able to utilize a new savings and investment tool called the First Home Savings Account to help them get ready for their first experience in the housing market. The FHSA is a registered account that merges features of tax-free savings accounts and registered retirement savings plans, allowing you to save up to $8,000 annually with a maximum limit of $40,000.

There are many reasons why Canada has such an excellent reputation around the world. For one, it is a very welcoming and inclusive country with a strong focus on multiculturalism. It means that people from all different backgrounds and cultures can feel at home in Canada. Additionally, Canada is known for its natural beauty, stunning landscapes, and diverse wildlife.

Looking to learn more about passive houses and how they can help reduce your energy costs and carbon footprint? Check out this comprehensive guide as we unpack one of the home buying secrets you never know about: passive houses in Canada!

We’ll discuss the Tax-Free First Home Savings Account. If you’re interested, we've compiled everything you need to know in this handy guide.

For many, buying a home for the first time can be just as exciting as it is exhausting. It’s exciting because you're taking a leap in the right direction in terms of building equity and security. It's scary because it's a huge financial decision that can be very risky if you're not careful.

For many individuals living in Canada, owning a home is a dream that they have. Of course, the reason behind this may vary. Some may simply want a home of their own to live in, while others see it as a lucrative business opportunity to up their income. Regardless, as a homeowner, there are a lot of responsibilities, and it isn't for everyone.

You are planning to buy your first home, but you may be wondering if you are making the right choice. Purchasing a house can seem like an overwhelming endeavour, but that does not mean that you cannot succeed at it if you arm yourself with the right strategies.

Welcome to Canada, your home sweet home. Or so you would think, considering the dramatic increase in newcomers settling down across the great nation. If you’re one of these new Canadians, or even if you’re thinking of making the move, there are a few challenges we all share, and it might be time to prepare yourself for them ahead of time. What are they?

Did you know that you can get a loan to renovate a home that you are purchasing? You can add the costs to your mortgage using what is called a Purchase Plus Improvements mortgage. Of course, this only applies to properties you intend to purchase in Canada.