Want to become a first-time home buyer in B.C.? These three steps can help Jun 25th

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News

Will you make money on your rental property? + MORE Sep 8th

After a strong rise in real estate prices in 2021 and in early 2022, many markets are now seeing weakening home prices. Current rental property owners, as well as new potential investors looking to buy, may be wondering how to determine if a rental property is a good strategy for them. If you are.... More »
 mortgage buyout

What To Expect in 2023 Jan 6th

Happy new year everyone! I hope everyone reading this took some time to reflect and recharge over the holiday season. There was a lot of negativity swirling around in 2022, and I’m sure a lot of you needed a break from it all. I sure did. It’s easy to get swept up in all of the doom-and-gloom. B.... More »

CMHC reports annual pace of housing starts in January down 10% from December + MORE Feb 17th

Canada Mortgage and Housing Corp. says the annual pace of housing starts in January fell 10 per cent compared with December..... More »
 loan

Mortgage brokers are slowly embracing AI tools like ChatGPT + MORE Jul 15th

AI is creeping into every industry imaginable, from oil and gas to fintech, and the mortgage industry is no exception..... More »

The Latest in Mortgage News: BoC’s Affordability Index reaches worst level since 1991 Aug 15th

Housing affordability deteriorated to its worst level in over 30 years, according to data from the Bank of Canada..... More »
These days, being a first-time home buyer in British Columbia, or anywhere else in Canada for that matter, is not easy. For years, Canadian housing prices experienced a steady upward trajectory, but the pandemic resulted in an unprecedented surge. And even though home prices have started to fall in recent months, they remain difficult to afford on average incomes.

You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quote*I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return.

If you follow housing news and trends, you might be under the impression that it’s impossible to become a home owner in B.C., but that’s a misconception. Just look at Sarah, a public employee, and her partner. They bought a three-bedroom, two-bathroom townhouse in the city of Victoria in 2020. The couple knew that buying a home anywhere in B.C. would be a challenge, so they went about the process of becoming first-time home buyers with a methodical determination…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!