as written by Sean Rankin Aspiring homebuyers now have another financial tool to help them save for a downpayment. The First Home Savings Account (FHSA) came into effect on April 1 and will give eligible first-time homebuyers the ability to save up to $40,000 tax-free over the lifetime of the plan. Contributions made to an FHSA […]
Whether you’re buying a home by yourself or with a partner, coming up with the finances for your first home can be stressful. There are federal, provincial and municipal programs such as the federal Home Buyer’s Plan that were established to help buyers purchase their first property. These programs and rebates can help you successfully […]
If you are tired of renting and ready to buy the home of your dreams, you need to plan carefully. The dream of home ownership is a wonderful thing, but without careful planning and a proactive approach, buying your first home could quickly turn into a nightmare. If you want to make the most of […]
When buying your first home, there are more costs involved than you may expect. Between moving expenses, legal fees, inspections and taxes, purchasing a property involves a lot more than just saving for your down payment. It’s not uncommon for first-time buyers to skip on budgeting for these expenses and then get sticker shock when all of the additional costs […]