That still applies today. For example, check out the CMHC website at https://www.cmhc-schl.gc.ca/en/consumers/home-buying, where you will find buying guides, mortgage calculators and first-time buyer incentives. Use every resource available.
If you are a first-time buyer, get pre-approved for a mortgage by your financial institution. This way, you know what you can afford.Article content Remember, too, that the Canada Revenue Agency’s Home Buyers Plan allows qualified first-time home buyers to withdraw up to $35,000 tax free from their RRSPs toward a down payment.
If your from India with generational wealth.....
'people just need to be realistic' - Dave the boomer who bought a 3 bedroom 1400 sq foot house on a janitors salary while his wife was a stay at home mom
Not a chance...
No, thanks Trudope.
No
joe_warmington If you're a tradesworker/ nurse couple who move to a nearly uninhabited place and are willing to live in pretty terrible conditions it is possible. If you want to live with family and friends nearby, forget it.
joe_warmington The crash is inevitable
No
Leave Ontario
THE SUN.... Champions of Capitalism... But pretending to care for their sheep
No
Nope. Not unless they go to bank of mommy and daddy.
If they stop buying the latest tik tok trend. With the stupid life hacks. Absolutely
No. Demand is still high, supply is too low, immigration is about to skyrocket, and we live in a province full of NIMBY's who think that if a house isn't lovingly handcrafted by Jimmy Carter himself, for free, it's evil and must be fought to the last breath.
joe_warmington It’s nuts, you have to start saving for downpayment when you’re born. I was mortgage free early but has been a lot of work. Hard to achieve now.
Yes actually....FUDGE THE PAPERS,find someone to slide cash under the table and get an acquaintance with an MPP or his/her Coterie of friends. Thats how the government works. Should be okay!
It's all part of the 2030 plan. You'll own nothing, Blackrock will own it for you.
Absolutely not.
Sure they do, they just have to adjust their expectations and requirements. A first time buyer cannot expect a 4 bdrm 3 1/2 bath home in rosedale. They might have to share with another family.
No home buyers have any hope at this point.
No.
🧩
Not unless they win the lottery or have generational wealth.
joe_warmington What is stronger than “Fuck No!”
Move to a least expensive town
Nope with taxes and groceries going up and gas not really the tax laws are a joke government should be ashamed