home-buyers

A Third of Young Americans Plan On Using ‘Bank of Mom and Dad’ for House Down Payments

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Purchasing a house can be one of the most important and life-changing investments one can make in their lifetime. However, in the present day, complications can arise when house-hunting because of the high costs and expenses, which has led to many needing help with housing affordability. This is apparent for younger generations of home buyers … Read more

First-time homebuyer incentive is discontinued, says federal housing agency

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The first-time homebuyer incentive has been discontinued by the Canada Mortgage and Housing Corporation (CMHC), the federal agency announced on Thursday. The deadline for new or resubmitted applications to the program is midnight ET on March 21, 2024, according to the CMHC’s website. Launched in 2019, the plan was meant to help reduce monthly mortgage payments … Read more