Applications are now being accepted by the Saskatchewan government for their new program, the First Home Plan. The program allows eligible post-secondary graduates to borrow up to $10,000 of their unused Graduate Retention Program (GRP) tax credits in order to use it for the down payment on their first home.
The shutdown in the U.S. Government has been a welcome occurrence for Canadians looking to buy a home or refinance their existing mortgage.
The Calgary Herald is reporting that Calgary and area is forecast to lead the country in short-term year-over-year price growth in the housing market, according to a report released Friday by the Conference Board of Canada.
According to StatisticsCanada, about one-quarter of Canadians are spending too much on housing costs.
National Household Survey by Statistics Canada was released Wednesday September 11th, confirming what most Canadians already knew. We have a passion for home owning with 70% of us owning our own home. This level of homeownership ranks among the highest in the world.
If you’re a typical borrower, your debt ratioswill largely determine if you’re approved for a mortgage.