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first time home buyers

While qualifying for a mortgage may be more difficult, we need to remember that these higher rates will slow down price growth.
It makes me angry because it means I have little control over protecting my clients.
One of the most beautiful times of year here on the west coast, spring has traditionally been a season that ushers new homebuyers into the Vancouver real-estate market. Whether you're new to Canada or making the leap to home ownership for the first time this season, here are some considerations.
Buying a house can be a great investment, but finding the cash to do so can be hard. The Home Buyers’ Plan (HBP), a program
"Be patient and know exactly what you want."
Buying a home can be an overwhelming experience. From figuring out your budget to deciding what neighborhood works best for you and your family, the considerations are endless.
With penalties and repercussions feared as a result of such withdrawals, is it any wonder that Canadians are hesitant to take what they would consider to be an unnecessary financial hit? Yet there are opportunities for RRSP funds to be withdrawn without specific penalties.
Buying a new home can be a daunting experience -- especially if it's your first time. One thing that banks love to do is tie mortgage insurance into your mortgage agreement, right along with a dangerous-looking checkbox you need to fill in if you choose to "recklessly" opt out. Here's why I want you walk into that mortgage broker's office, check that box, sign that line and opt out of it with total confidence.
My suggestion to people concerned about housing in Toronto and Vancouver is to stop looking for a scapegoat, stop searching for someone to blame, and start coming up with real, workable plans. The first step is to accept that high housing prices are justified based on supply and demand and devise a workable strategy that can either increase supply or reduce demand based on current market conditions. Be part of the solution, not the problem.
With house prices soaring, at least in Toronto and Vancouver, you'd expect first-time home buyers to be having an ever-harder