Valueland's blog

Insights to First Time Home Buyer Incentives(FTHBI)

Effective September 2, 2019, the Government of Canada introduced the First Time Home Buyer Incentive (FTHBI) to help qualified First Time Home Buyers (FTHB) purchase a home, making homeownership more affordable by reducing their monthly mortgage payment without increasing their down payment.  

BOC Raised Interest By Another 0.25%

On Wednesday, October 24, 2018, Bank of Canada announced to raise the over night lending right by another 0.25%. Effectively, the mortgage prime rate has increased from 3.70% to 3.95% with most lenders. (TD mortgage prime increased from 3.85% to 4.10%).