Embarking on the journey of home ownership in Canada can feel like navigating uncharted territory. Fortunately, with the guidance of CMHC's insights, we've crafted a comprehensive blog post to lead you through every step of the home buying process. Drawing from CMHC's expertise, our blog post provides a detailed road map to help you make informed decisions and achieve your home ownership goals. Here's what you'll find in our guide: CMHC Step by Step   ... [read more]

In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a "foreclosure" on their property.  In today's market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears.  Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure.   What is Foreclosure?  Foreclosures are laborious, grueling and costly to... [read more]

Did you know? An FHSA (First Home Savings Account) can kickstart your journey toward homeownership! The First Home Savings Account (FHSA), introduced in the 2022 federal budget, is an innovative registered plan designed to help Canadians save for their first home on a tax-free basis. Here's a comprehensive guide to understanding the key features and benefits of the FHSA. Key Benefits of Investing in an FHSA Tax-Deductible Contributions: Contributions to an FHSA can be deducted... [read more]