Paul Houde
1401 - 1130 W. Pender St. V6E 4A4 Vancouver, BC, Canada

Tweaks to the First-Time Home Buyer Incentive The federal government is making changes to the First-Time Home Buyer Incentive for prospective homeowners in some... of Canada’s priciest real estate markets. The changes will allow eligible buyers in Victoria, Vancouver and Toronto to purchase a home worth up to 4.5 times their household income, up from the current cap of four times annual income. It also raises the maximum household income threshold to $150,000 from $120,000, a move the feds say will make first-time buyers in those cities eligible to buy a home for as much as $722,000 from the current $505,000. See more

Using a mortgage broker gives you access to lending options you can’t get on your own. We deal with many lenders, from major banks to private lending options. When you are ready to renew, refinance or purchase your next home, contact your Verico Broker for a consultation.

The Bank of Canada announced this morning that they will maintain the overnight lending rate until the inflation objective is achieved. Click below to read the ...full article. If you have any question reach out to your Mortgage Broker for trusted, unbiased advice. https://www.bankofcanada.ca//07/fad-press-release-2020-07/

4 ways first-time buyers can get assistance to help achieve their goals of home ownership.