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Conquering the Canadian Housing Market

Author
Tandia Financial Credit Union
Published
Mon 12 Jun 2023
Episode Link
None

Get ready to channel your inner mountaineer because this week, Carla is tackling the mighty challenges of entering the Canadian housing market. Fear not, fellow climbers, because this week, Carla has your back with a bag full of tips on how to conquer the mighty mountain of homeownership. This week, we’re talking all about home ownership and the challenges that many millennials and first-time home buyers are currently facing with the steep and competitive real estate market across Canada. Carla will share the driving forces behind the climbing prices of Canadian real estate and the factors to consider before planning to purchase your first home, such as interest rates, along with tips and tricks on how to budget and save for that down payment.  
  
Today’s topics include:  

Supply and demand dynamics in the Canadian housing market  

Challenges faced by first-time homebuyers in entering the market  

Getting pre-approved for a mortgage to gain a competitive edge  

Exploring government programs and incentives for first-time homebuyers  

Strategies for building wealth over time and leveraging home equity for future opportunities  

Monitoring interest rate market trends and considering fixed-rate mortgages 

 
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