First Time Home Buyers Incentive (FTHBI) Program coming Sept. 2019 2019 Federal Budget announced a ‘shared equity’ program, for First Time Home Buyers,  unlike any other we’ve known before in Canada.  The program is available for the next 3 years, effective September 2019 and is designed for household incomes under $120,000 per year .  The details of the ‘shared’ equity program haven’t been made known by CMHC  yet but the following... [read more]

In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]