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Move over RRSP Home Buyers' Plan (HBP) - there's a new kid in town. The Tax-Free First Home Savings Account (FHSA) arrives on April 1st, 2023.

Details of a new account to help Canadians save to buy their first home have been revealed this week.

Now that home prices have started to fall from their February peak, the federal government is reportedly planning to introduce limits on its First-Time Home Buyer Incentive ... More

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

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

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

The First-Time Home Buyer Incentive actually reduces affordability.

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

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

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

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

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

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

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

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