Category: First Time Buyers

Five podcasts to keep you in the property loop

In the ever-changing world of real estate, it pays to stay informed.  Listening to a podcast is a great way to stay up to date and learn valuable new tips without it feeling like hard work. We’ve identified five podcasts that unlock a wealth of knowledge and insights for both seasoned investors and first-time buyers…
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Record number of suburbs in ‘Million Dollar Club’

Continual media coverage of property prices and interest rates reflects the importance of our homes as a cornerstone for building personal wealth. It often feels as if every ebb and flow is highlighted, often leaving us confused about the true investment value of property. New data reminds us why the majority of us firmly believe…
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Five critical steps to buying your first home

The journey to acquiring your first home is a significant milestone, marking a transition into a new phase of life. While exhilarating, the process can also be daunting, filled with complexities and unfamiliar terrain.  This comprehensive guide is designed to equip first homebuyers with the essential knowledge and tools needed to navigate this significant undertaking…
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What are today’s homebuyers thinking?

With today’s real estate market experiencing ebbs and flows on an almost monthly basis, sellers often ask me about the profile of a typical buyer. Usually, they’re seeking information that will help them prepare their home for sale and a guide for how long it might take to strike a deal. In our neighborhood, there’s…
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‘Historic’ mortgage reform to help first homebuyers

New loan rules to expand insurance mortgages from 25 to 30 years are set to take effect next month to help first homebuyers into the market. By increasing the repayment period five years, first-time buyers will face lower monthly mortgage bills.  However, if the loan were to go to full-term, they would pay more in…
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Young Canadians sideline marriage for property goals

Forget wedding bells, young Canadians are more interested in being a homeowner. Some 40% of under-30s say buying a property is critical to their five-year plan, signalling a preference over travel (30%) and marriage (24%). The survey conducted by the Royal Bank of Canada comes as interest rates have dropped a further 0.5% to 3.75%,…
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Why property is a great choice to create wealth

Creating wealth for later in life is a goal most of us embrace and spend our entire working lives trying to accomplish. And for the vast majority, property investment is a huge component of their strategies. Many young people today feel the idea of owning property is beyond their reach.  However, there are strategies to…
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Lower rates set to entice first-time buyers

Successive months of interest rate cuts will no doubt encourage first-time buyers into the Canadian property market. And with the promise of more rate reductions through 2025, young Canadians have an ideal time to purchase a home and begin to build their wealth. Even as the cost of loans falls, the average property price has…
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Eight top tips to help first-time buyers

The goal to own property is deeply rooted in our national psyche, yet your first home-ownership journey can feel like walking into a labyrinth of jargon, daunting decisions and financial challenges. For first-time buyers, this is a perfectly natural response. Yet navigating this path will help secure your financial future and turn a dream into…
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Should you open a branch of The Bank of Mom and Dad?

Parents are being called the “Sandwich Generation”, caught between helping their own children as well as their mothers and fathers, a consequence of living longer. The days when parents’ greatest concern was paying for the kids’ college education have now morphed into helping them onto the property ownership ladder. It’s amazing to think that almost…
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