first-time homebuyers Archives - Mortgage Rates & Mortgage Broker News in Canada

Quebec’s next wave of buyers is young, eager—and still facing major hurdles

June 23, 2025 No Comments

New survey finds strong buyer appetite, but financial barriers and green priorities shape the road ahead

Houses for sale in a new subdivision in Airdrie, Alta.

Ottawa’s GST rebate on new homes would save typical first-time buyer $27K: PBO

June 11, 2025 No Comments

An eligible first-time homebuyer could save an average of $26,832 in sales tax on the price of a newly built home under Ottawa’s latest housing proposal, the parliamentary budget officer said in a new report on Wednesday.

Ottawa's plan to waive the sales tax on new builds

GST relief on new homes could save 1st-time buyers up to $240 on mortgages: report

June 9, 2025 2 Comments

The Liberal plan to give first-time homebuyers a tax break on a newly built home could have substantial impacts on housing affordability — with a few caveats — a new analysis finds.

Ready to buy a home? What experts say many buyers forget to consider first

May 27, 2025 2 Comments

A down payment is a big step for homebuyers, but definitely not the only one.

More Canadians are relying on gifts and co-signers to buy a home: CMHC

May 23, 2025 1 Comment

More first-time homebuyers are entering the market—and doing so more quickly—but many are increasingly relying on gifts and other forms of financial assistance.

Yukon launches first-time homebuyer loan program to pay up to half of down payments

April 24, 2025 No Comments

Yukon’s government is launching a first-time homebuyer program in the territory that will see eligible residents receive low-interest loans to help with down payments.

Singh pledges low-interest, government-backed mortgages for first-time homebuyers

March 31, 2025 No Comments

NDP Leader Jagmeet Singh is proposing a new government-backed mortgage program to help more Canadians get into the housing market—particularly first-time buyers who have been priced out in recent years.

Carney pledges to cut GST for first-time buyers of homes under $1M

March 20, 2025 7 Comments

Prime Minister says move will save Canadians up to $50,000 and boost housing supply amid affordability crisis

Ontario’s housing market reset: New data reveals shifting buyer trends and investor pullback

February 20, 2025 2 Comments

Ontario’s housing market has been characterized by extremes in recent years, and some new data paints perhaps the clearest picture yet of how the market has shifted.

New mortgage rules take effect today; more may be coming on Monday, economist says

December 14, 2024 No Comments

Two sweeping mortgage reforms take effect today, December 15, targeting housing affordability and easing financial pressures—changes that may be followed by more announcements this week.

first-time homebuyers