Posts tagged with: mortgage down payment

New First Time Home Buyer Incentives Announced

The Federal Liberal government, in their latest budget before that was released in March, introduced new First-Time Home Buyer Incentives, but didn’t have many details of the program. Well, newly released details have these incentives scheduled to take effect in September 2019. The new $1.25-billion program will allow new first-time home buyers to apply for [&hellip

New Minimum Down Payment Rules

Down payment requirements are changing in Canada The housing market is booming in areas like Vancouver and Toronto. Rumors have been circulating for a few weeks but today Finance Minister Bill Morneau made his official announcement. In an effort to maintain a healthy and stable housing market there will be an increase to down payment [&hellip