Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Mortgage broker share rises to 38%, hits 48% among recent first-time buyers: MPC Jul 26th
New MPC research finds broker use increased across buyer groups and regions in 2025, while more borrowers sought advice alongside competitive rates..... More »
FSRA CEO Mark White to step down for new position as Chair of Ontario Energy Board Jul 5th
The head of Ontario's mortgage broker regulator, Mark White, has confirmed he will be stepping down from his role as CEO later this month..... More »
Home prices could hit peak levels by next year, set new highs in 2026: CMHC report + MORE Apr 6th
The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026..... More »
Mortgage Digest: Younger homeowners lead the way in paying down mortgage debt Jan 26th
Younger Canadians are outpacing older demographics in reducing their mortgage debt, new research from Statistic Canada has found..... More »
‘It’s choking me’: This homeowner’s mortgage payments have shot up by more than $1,000 a month. What should he do? + MORE Dec 31st
‘I was naive. I’ve never experienced rate hikes like this before,’ homeowner says, adding he plans to switch to a five-year fixed rate when rates hit 3%..... More »
In a red-hot real estate market, a little help with the down payment on a home can go a long way—especially when you’re a first-time buyer without the advantage of equity in an existing property. So when the Canadian federal government decided, in 2019, to begin offering first-time home buyers down payment assistance under the First-Time Home Buyer Incentive (FTHBI), it seemed eligible buyers were in for a bargain.
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Before you text your real estate agent and start browsing available listings, there are a few things you should know about the FTHBI. First, you’ll have to meet certain eligibility criteria. Second, the incentive is not free money, but a form of loan from the Government of Canada—which will eventually need to be paid back.
Let’s take a look at the specifics of the FTHBI, including recent changes to the program and the potential pitfalls home buyers should be aware of…
