Jessi Sandhu - Your Brampton Real Estate Agent
First Time Home Buyers News and Articles | My Blog
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What you need to know before helping your child with a home down payment

10/31/2024 | Posted in First Time Home Buyers by Jessi Sandhu

With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the prospect of saving enough for a down payment to enter the real estate market can be ... More


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Canada's 30-year mortgage option has officially launched

8/2/2024 | Posted in First Time Home Buyers by Jessi Sandhu

The Canada Mortgage and Housing Corporation (CMHC) has officially launched Home Start, a 30-year mortgage option for first-time homebuyers purchasing newly constructed homes. ... More


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First-time buyers relying on gifted down payments more than ever

7/29/2024 | Posted in First Time Home Buyers by Jessi Sandhu

Mortgage down payment gifts from family members remain a crucial factor for first-time homebuyers in Canada, even as the housing market cools and economic conditions ... More


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More than one-third of first time Ontario homebuyers get help with down payments. A new report suggests the gifts average $128K

6/25/2024 | Posted in First Time Home Buyers by Jessi Sandhu

More than one-third of first-time homebuyers in Ontario are getting help with their down payment and the average gift now tops $100,000, according to a report from CIBC.

... More


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The Liberals' savings account for first-time homebuyers mostly got only small deposits

6/1/2024 | Posted in First Time Home Buyers by Jessi Sandhu

New home savings accounts have been used by 624,000 Canadians according to tax data, with a median deposit of $2,040.

... More


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10 first-time homebuyer trends

2/24/2020 | Posted in First Time Home Buyers by Jessi Sandhu

Genworth Canada’s 2019 First-Time Homeownership Study provides a snapshot of the demographics of Canada’s first-time homebuyers (FTBs), what’s motivating them ... More


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Despite new details, First-Time Home Buyer Incentive is flawed

6/18/2019 | Posted in First Time Home Buyers by Jessi Sandhu

While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem.

... More


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Down payments are the biggest fear for first-time buyers

5/10/2019 | Posted in First Time Home Buyers by Jessi Sandhu

Having a sufficient down payment to afford the home they want is the largest concern of first-time buyers according to a new survey.

... More


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OSFI stress test has cut millennial purchasing power by $40K

4/30/2018 | Posted in First Time Home Buyers by Jessi Sandhu

The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of ... More


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First-time buyers delaying due to mortgage rules

1/9/2017 | Posted in First Time Home Buyers by Jessi Sandhu

The tightened mortgage rules introduced by the federal government last year are having a negative effect on the homebuying plans of first-time buyers.

... More


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Bank of mom, dad vital for millennial first-time buyers

6/14/2016 | Posted in First Time Home Buyers by Jessi Sandhu

Young Canadians are increasingly receiving help from their parents in order to become first-time buyers in Vancouver and Toronto.

... More


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CRA's $5,000 reminder to first-time buyers

1/25/2016 | Posted in First Time Home Buyers by Jessi Sandhu

The Canada Revenue Agency has issued a reminder to first-time buyers that they could qualify for $5,000.

... More


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Builders call for longer amortizations for first-time buyers

6/24/2015 | Posted in First Time Home Buyers by Jessi Sandhu

A body that represents Canada’s home builders is pushing the federal government for changes which would make building and buying a home easier. Among the measures that ... More


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First-time buyers are driving the housing market

6/10/2015 | Posted in First Time Home Buyers by Jessi Sandhu

First-time buyers are driving the housing market but are increasingly turning to credit to afford the downpayment on a new home.

... More


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Size matters less than quality to Canadian homebuyers

5/14/2015 | Posted in First Time Home Buyers by Jessi Sandhu

Canadian homebuyers are willing to compromise on the size of their new home but some things are not negotiable. That was one of the findings in a survey of 12,000 homebuyers ... More


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One-quarter of first-time home buyers had family help, survey finds

4/14/2015 | Posted in First Time Home Buyers by Jessi Sandhu

Typical first-time Canadian home buyers tend to be childless, university-educated couples in their 30s purchasing detached homes, often with a helping hand from their ... More


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