All Posts in Category: Blog

Buying a home can be a complex financial journey. If you plan to get a mortgage, you’ll hear about the need for a down payment, but your REALTOR® will also mention a deposit. Are these two terms the same? Let’s clarify the difference between a deposit and a down payment and their impact on your…

In September, Finance Minister Chrystia Freeland announced changes to mortgage rules to increase homeownership opportunities for first-time buyers. Effective December 15, 2024, the federal government will:  Expand eligibility for 30-year mortgage amortization to all first-time home buyers, as well as to individuals buying a newly built house.   Increase the price cap for insured mortgages from…

English Farsi | فارسی Pashto | پشثو Rising sales in the upper price ranges were not enough to offset the pullback occurring in the lower price ranges, as sales in September were 2,003, 17 per cent below last year’s record high. Despite the decline, sales this month were still over 16 per cent higher than…

English Farsi | فارسی Pashto | پشثو Housing activity continues to move away from the extreme sellers’ market conditions experienced throughout the spring. Easing sales, combined with gains in supply, pushed the months of supply above two months in August, a level not seen since the end of 2022. As expected, rising new home construction…