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by Jeremy
Genworth Financial recently polled 1,800 first-time homebuyers in Canada to get a feel for what that demographic looks like this year, and with 30-35% of homes being purchased by first-timers, it’s important to understand their stake in the marketplace. Here’s a few of the key trends in the report: The average purchase price has increased, with an average of $293,000 being spent Canada-wide 63% of first-time buyers purchased mortgage loan insurance: this means that majority of first-time buyers in Canada are putting less than a 20% down payment. It’s important to note that in going this route, CMHC and Genworth both raised their insurance premiums…
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Posted by Jeremy
Canada’s two biggest mortgage insurers both raised their premiums by 15% this week, bringing changes to the mortgage…
Posted by Jeremy
It’s no secret that Calgary’s economy hasn’t been so kind to many, with several major companies announcing huge…
Posted by Jeremy
March is Fraud Education Month in Canada, and it’s the perfect time to get educated on what mortgage…
Posted by Jeremy
With talk about interest rates lowering even further, many homeowners are wondering if it’s time to refinance their…
Posted by Jeremy
During times of economic uncertainty, which is arguably what Calgary is dealing with right now (at least in…
Posted by Jeremy
A lot of people are being tight with their money right now, saving in the wake of uncertainty…
Posted by Jeremy
A lot has happened in the real estate market over the past month or so, and two big…
Posted by Jeremy
Are you planning on tackling that debt this year? Great news! But the best piece of advice to…
Posted by Jeremy
One of the best ways to avoid mortgage fraud (or any type of fraud), is to ensure you…
Posted by Jeremy
Did you make a New Year’s resolution to finally buy a home this year? Well, the good news…
Posted by Jeremy
New Year’s is the time that most of us make resolutions, and fitness is not at the top…
Posted by Jeremy
A new home may not be on your holiday shopping list, but this time of year is actually…
