This past June, Mortgage Professionals Canada published their survey results on the Next Generation of Homebuyers; adults under the age of 40 who don’t currently own a home but expect to own in the future. If you are planning on buying, or help a child get into home-ownership, these results can be an interesting comparison to your own situation. Here are some of the key findings: • 52% of the homebuyers are under 30 years old, 48% aged 30 to 39 • 55% singe, 39% married/living with a
Invest in energy saving appliances and tools! If you buy an energy-efficient home or make energy saving renovations you may be able to get a savings boost from your mortgage! Canadian mortgage insurers have a program that helps homeowners save when they buy energy-efficient homes. Homeowners purchasing a qualifying energy-efficient home are eligible for a 10 per cent mortgage insurance premium refund. If you purchase a qualifying $400,000 home with 5 per cent down, you are eligible for a 10
