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23 01, 2024

2024 homeownership surge with nearly one in five Canadians eager to buy, especially younger groups

By |2024-01-23T11:14:47-05:00January 23rd, 2024|Buying a New House, Choosing the Right Area, Credit, Down Payment, Finances, home ownership, Housing Market, Interest Rates|0 Comments

2024 might just be the year that many Canadians buy a home — nearly one in five to be precise — as a recent survey on Canadians’ homebuying plans from Wahi finds. The survey also notes that those under 35 have the strongest intentions and that many plan to sacrifice things in their lives to [...]

25 03, 2022

What Do You Know About Your Down Payment?

By |2022-03-25T15:24:32-04:00March 25th, 2022|Down Payment|0 Comments

How the minimum down payment works No matter if you are a first-time homebuyer, or are upgrading your home, the minimum down payment in Ontario and across Canada is 5% of the first $500,000 of home purchase price. In other words, the down payment on a $500,000 home would be $25,000. However, on any purchase [...]

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