Buying a home for the first time? We want to hear from you

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With interest rates on the rise, entering the housing market for the first time can be a daunting process. If you're looking to purchase your first home, CTVNews.ca wants to hear from you.

To help Canadians deal with rising inflation, the federal government has pointed to measures already rolled out in April's budget, as well as previous ones. However, one economist says officials could have rolled out new policies that would have a greater and more immediate an impact on families.

Amid soaring inflation and the Bank of Canada increasing interest rates more aggressively relative to past tightening cycles, concerns about a possible recession are growing. A lacklustre stock market is adding fuel to the fire, as market declines tend to happen before a recession strikes.With shoppers staying away from recreational spending, this is resulting in fewer sales within Canada's retail sector, retail analyst Doug Stephens told CTV's Your Morning on Tuesday.

 

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Can't afford one where I live, my household income is only $120k

Thankfully we have sustainable employment to buy a house. Nothing says failure of a country more than being dependent on foreigners to buy your country to pay the taxes.

I spent the last 3 years building my final retirement home. Hired general contractors to do the foundations, framing, roofing & drywall. We did the rest ourselves. Bought all materials in bulk from 3 sources before prices went up. We saved big time. Not everyone can do this.

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