Archive for the ‘First time home buyers’ Category
Go mad for Midnite Madness event
Posted by: soconnor in Builder events, First time home buyers, New Homes and Condos, New home builders on February 22nd, 2010
Builders working to reduce impact of HST on new home buyers
Posted by: soconnor in Finance & insurance, First time home buyers, New Homes and Condos, New home builders, Real estate industry news, Real estate market updates on February 19th, 2010
The controversial new HST rules have been causing quite a stir as their July 1, 2010 implementation date approaches, and nowhere is this more evident than in the realm of the biggest of big purchases, new home sales.
The good news for most Ontario homebuyers is that because of the way the tax is structured, there will be no significant increase in cost for new homes that are priced below $400,000.
Canada home prices may rise 10 per cent in 2010: report
Posted by: editors note in First time home buyers, New Homes and Condos, Real estate industry news, Real estate market updates on December 2nd, 2009
Canadian home-resale prices are likely rise in 2010 at an even faster pace than this year but a dangerous bubble probably won’t develop, TD Economics said in study published on Tuesday.
Genworth launches new video series designed to help educate homebuyers
Posted by: editors note in First time home buyers, Genworth Financial advice on November 19th, 2009
Genworth Mortgage Insurance Company Canada (”Genworth Financial Canada”) introduces a new video series designed to educate homebuyers about the buying process and how to achieve homeownership sooner.
Homebuilders lining up to become licensed for energy efficiency
Posted by: editors note in First time home buyers, New Homes and Condos, Tips for Green Living on November 4th, 2009
(NC)—It’s easy being green, at least for builders of new homes in Canada. The trend towards building energy-efficient homes has never been hotter as more and more builders across Canada are calling Natural Resources Canada (NRCan) to become licensed builders under their energy-efficient new homes initiatives.
New home sales up 113 per cent in September
Posted by: editors note in First time home buyers, Real estate industry news, Real estate market updates on October 23rd, 2009
New home sales surged 113 per cent in the Greater Toronto Area in September, with the high-rise condo market finally coming to life to join the rally in low-rise new home sales that began earlier this year, the Building Industry & Land Development Association announced today.
There were 3,883 new homes and condos sold in the GTA in September, according to RealNet Canada Inc., BILD’s official, independent source of new home market intelligence.
Canadians remain passionate about homeownership, Genworth
Posted by: editors note in First time home buyers, Genworth Financial advice, Real estate industry news on October 22nd, 2009
The desire for homeownership is alive and well in Canada, with many Canadians willing to go to great lengths for it. According to the Genworth Mortgage Insurance Company Canada (”Genworth Financial Canada”) First-Time Homebuyer’s Monitor released today, 68 per cent of renters said they would be willing to delay major purchases and more than half would give up vacations in order to own their own home.
AFFORDABILITY AND JOB SECURITY MOST IMPORTANT FACTORS FOR FIRST-TIME HOMEBUYERS
Posted by: editors note in First time home buyers, Real estate industry news, Real estate market updates, Resale homes on October 5th, 2009
Canadians who are considering purchasing their first home are primarily motivated by lower home prices and very low interest rates, but some require confidence in the economy and their employment prospects before they will enter the market, according to a report released by Royal LePage Real Estate Services.
Eighty-six per cent of potential first-time buyers say low interest rates make them more likely to purchase a home; 81 per cent cite lower housing prices as a motivating factor; while 76 per cent cite job security and 64 per cent say a stable economy is an important factor in their decision to buy.
August new home sales up 62 per cent
Posted by: editors note in First time home buyers, Real estate industry news, Real estate market updates on September 22nd, 2009
CNW-Sales of new high-rise condominium suites stabilized in August while sales of new low-rise (single-detached, semi-detached and town-homes) homes spiked by a dramatic 163 per cent, resulting in a 62 per cent increase in total new home sales, August over August, the Building Industry & Land Development Association (BILD) revealed today.
According to RealNet Canada Inc., there were 3,074 new homes and condos sold in the Greater Toronto Area in August, 2009. Monthly high-rise sales were up for the first time this year, albeit very modestly, while low-rise unit sales continued on the exceedingly hot pace of the last several months.
How to buy a new home!
Posted by: admin in Arista Homes, First time home buyers on August 12th, 2009
Online tools help make sense of the homeownership process
Posted by: editors note in First time home buyers, Genworth Financial advice on August 6th, 2009
While they are often cause for celebration, planning a home purchase and a move are often cited as some of life’s most stressful events. Many other life moments have built-in backup to help you along the way: weddings have planners, and vacations offer itineraries and tour guides. It only makes sense, that something as important as a home purchase come with planners and checklists to keep us organized and in control every step of the way.
Is your income at risk? Your home doesn’t have to be
Posted by: editors note in Finance & insurance, First time home buyers, Genworth Financial advice, Mortgage questions, New Homes and Condos, Real estate industry news on August 6th, 2009
When life delivers an unexpected blow – like a serious illness, a marital separation or loss of employment – it can be difficult to stay on track. Sometimes, it can even put your ability to make your mortgage payments at serious risk.
Arista Homes launches semi’s perfect for first timers – register today
Posted by: pmdesign in Arista Homes, First time home buyers, New Homes and Condos, New home opening on July 29th, 2009
Markham, ON – July 27/09
Arista Homes is now taking pre-registrations for their limited release of semi detached homes at Boxgrove starting at $289,990. This established community is home to a collection of large detached homes as well, and features parks, playgrounds and shopping / living amenities and is close to the 407, 404 and downtown Markham.
The price and great location will make this release sell out fast. Pre-register to ensure you get a preview opportunity to see our new homes, before they’re all gone!
What’s in the area:
Genworth study reveals there’s no place like home
Posted by: editors note in First time home buyers, Genworth Financial advice, Real estate industry news on June 24th, 2009
The housing market may have experienced some ups and downs this year, but the spirits of potential first-time homebuyers across Canada remain strong. According to Genworth Financial Canada’s First-Time Homebuyer’s Monitor released today, 84 per cent of those surveyed said that owning a home goes beyond its financial value and feel that homeownership pays off in more ways than one.
GTA Resale Housing Sales Up 19 Per Cent in the First Half of June
Posted by: editors note in First time home buyers, New Homes and Condos, Real estate industry news, Real estate market updates, Resale homes, Selling your home on June 19th, 2009
Greater Toronto REALTORS® reported 5,185 transactions in the first half of June – an increase of 19 per cent compared to the same period last year.
“Households in the GTA have become more confident in purchasing a home over the past three months,” said TREB President Maureen O’Neill. “Affordability, due in part to very low borrowing costs, has played a key role.”
The average price for MLS® sales was $407,716, up by two per cent compared to last year.
Water heaters eligible for federal incentives
Posted by: editors note in First time home buyers, Home appliances, Real estate industry news, Tips for Green Living on June 16th, 2009
(NC)-If you own your water heater or rent it from a utility, now may be an excellent time to consider replacing an older unit with a new, energy-efficient model. Not only will you save money on utility bills, you may also qualify for assistance from the Government of Canada.
Gen X to flex new purchasing muscle in recreational property markets across Canada, says RE/MAX
Posted by: editors note in First time home buyers, Real estate industry news, Real estate market updates on June 12th, 2009
Generation X purchasers are poised to replace aging baby boomers as the major force in recreational property markets across the country, according to a report released today by RE/MAX.
Two Thirds (65%) of Ontario Homeowners Oppose McGuinty Government Proposed Mandatory Home Energy Audit Program
Posted by: editors note in First time home buyers, Real estate industry news, Resale homes, Tips for Green Living on May 28th, 2009
A poll released today by the Ontario Real Estate Association (OREA) indicates that two-thirds (65%) of Ontario’s principal residence homeowners oppose the recently proposed McGuinty government mandatory home energy audit program and instead overwhelmingly favor voluntary audits (92%).
Moreover, the poll found that 70 per cent of Ontario homeowner’s think
that mandatory home energy audits will deter homeowners from selling their home, having a detrimental effect on the real estate sector and the Ontario economy.
Housing activity will moderate in 2009, improve in 2010
Posted by: editors note in First time home buyers, New Homes and Condos, Real estate industry news, Real estate market updates on May 28th, 2009
Housing starts are expected to decline to 141,900 for 2009, but increase to 150,300 for 2010, according to Canada Mortgage and Housing Corporation’s (CMHC) second quarter Housing Market Outlook, Canada Edition(*) report.
TD Canada Trust 2009 Condo Poll Shows Canadians Believe It’s a Buyer’s Market
Posted by: editors note in First time home buyers, New Homes and Condos, Real estate industry news, Real estate market updates on May 5th, 2009
In a buyer’s market, if you can’t go it alone, find a good friend. The results of the 2009 TD Canada Trust Condo Poll show that the perceptions of the condo market have improved significantly over 2008 with 44% of urban Canadians believing the current conditions have improved for buying a condo as an investment (versus 21% in 2008).
Why? Respondents say it is a buyer’s market and condo prices are declining. If they can’t afford to buy one on their own, 43% are willing to consider a joint purchase with a friend or relative to make the condo purchase possible.
“For Canadians looking to purchase their first residence or make a
long-term investment, condos offer a lower maintenance and lower-cost
alternative to houses,” says Joan Dal Bianco, Vice President, Real Estate
Secured Lending, TD Canada Trust. “This is a good time to explore a condo
purchase given that mortgage rates are very attractive right now and many
condos have dropped significantly in price.”