Tag: First time Home buyers
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Toronto home buyers are getting awful real estate tips from their clueless parents – by Jack Landau
Millennial and GenZ homebuyers are known for their reliance on the “bank of mom and dad,” but sometimes this financial assistance influences young newcomers to Toronto’s cutthroat housing market to put a bit too much stock into the opinions of their beloved parents. It’s got to be hard to say no to the people who raised you, especially if…
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Government accused of swindling first-time homebuyers
The First-Time Home Buyer Incentive (FTHBI) has been modified to improve income qualification, but it’s being lampooned as a cynical ploy for the government to profit off of buyers who have the most trouble getting on the housing ladder. The changes, first proposed five months ago, raise maximum household income qualification to $150,000 from $120,000,…