Finance Minister Chrystia Freeland unveiled changes on Thursday aimed at making it easier for first-time buyers to break into the housing market.
TORONTO - Some advocates are praising Ottawa's move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians would help make home ownership more affordable. Speaking in Toronto on Thursday, Finance Minister Chrystia Freeland announced the federal government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes. The change will take effect Aug. 1. Under the...
The presenter advised people looking to get on the property ladder to abandon their hopes of buying a house in the UK and 'move to another country where the housing market is healthy'.
The average owner-occupied home cost 432,061 euros in the Netherlands in March, 5.4 percent more expensive than in the same month last year, Statistics Netherlands (CBS) and the Land Registry reported. Prices rose by 0.7 percent in March compared to February.
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As part of the 2024 federal budget released last week, Ottawa said it is 'exploring new measures to expand access to alternative financing products, like halal mortgages.'
Another route into home ownership could soon be blocked off for some Australians as the construction industry battles insolvencies, rising material costs and workforce shortages. Buying “off the plan” involves purchasing a property that has not been built yet or is still under construction, and was once considered a more accessible avenue into home ownership […]
Data shows there are several areas in the UK where the typical price of a home is under £100,000
Vulnerable and elderly residents in East Lothian will have to pay more for services including meals, community alarms and transport after plans to increase fees were approved. East Lothian councillors gave the go-ahead for plans to scrap some subsidies, increase charges and raise the percentage of disposable income which people will be asked to pay towards their care for non-residential services. The move will mean the cost of community alarms will go up over the next three years as the current...
Existing home sales shrank in March as consumers respond to continuing price increases and rising mortgage rates. Sales for existing homes fell 4.3% in March compared to the previous month and 3.7% year-over-year, to an annual rate of 4.19 million, according to a press release from the National Association of Realtors (NAR). The average for a 30-year fixed-rate mortgage reached 7.10% this week, a substantial jump from 6.88% last week, depressing Americans’ desire to switch homes and possibly...
Consumer goods giant Unilever may be forced to hold on to part of its multibillion-pound ice cream operations as the business' massive size makes it difficult to offload.