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Stories Tagged - homebuyers plan

ATB Financial chief economist Todd Hirsch. CREB®Now file photo
News

Sept. 19, 2016 | Miles Durie

Changing expectations

Housing market offers some surprises, different perceptions, say local experts

A quick look at today's real estate market might not exactly fill first-time homebuyers with optimistic anticipation. Yet dig deeper and there's plenty of reason to get excited, say housing experts.

Even though home sales are down by double-digit percentages in terms of units sold and money spent compared to a year ago, the average selling price is up slightly — about two per cent, to $474,605 in August, according to CREB®.

BMO mortgage specialist Laura Parsons encourages first-time homebuyers to take advantage of government or mortgage insurers' programs. CREB®Now file photo
News

June 24, 2016 | Paula Trotter

The ABCs of your first mortgage

BMO specialist Laura Parsons highlights often-overlooked programs for first-time buyers

Price is the deciding factor for many young adults who are purchasing their first home.

This isn't necessarily a bad thing; but you actually risk taking a financial hit when you fixate solely on what you think you can afford, said BMO mortgage specialist Laura Parsons.

"Millennials tend to migrate to affordability instead of understanding their options," said Parsons, who has more than 30 years of mortgage experience.


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