Robyn Kraft - Mortgage Associate

Happy New Year! It's that time again where we all get our annual mortgage statements in the mail. Wonder if it's still the best mortgage product for you? Not happy with your current rate or provider? Considering a new home purchase or refinance? Mortgage up for renewal? Give me a shout! Let's see if we can save you some money. Who doesn't like that idea? 🙂

There are several factors that affect housing affordability in Canada. One of the biggest drivers of the Canadian housing market is interest rates. When interest rates are low, it's easier for people to get mortgages and buy homes. When they're high, it can be more
difficult. Another thing that affects the market is supply and demand. When there are more people looking to buy homes than there are homes available, prices tend to go up. This is known as a seller's market. On the other hand, when there are more homes
available than there are people looking to buy, prices tend to go down. This is known as a buyer's market.

Many Canadians are finding it difficult to buy a home. This has led to debates around government policies and solutions to make housing more accessible and affordable. Overall, the Canadian housing market is complex and constantly evolving, but understanding the factors that affect it can give you a better sense of what's going on.

If you have any questions about affordability, I am here to help!

The First-Time Home Buyer Incentive is a program offered by the Canadian government to help first-time home buyers purchase a home. This program was introduced in 2019 as a part of the government's efforts to make home ownership more affordable for
Canadians.

The incentive works by providing eligible home buyers with a shared equity mortgage. This means that the government will provide up to 10% of the purchase price of a new home, or 5% for an existing home, in the form of a loan. This loan is interest-free and does not require ongoing payments, but must be repaid when the home is sold or within 25 years. By reducing the amount of money that a first-time home buyer needs to borrow, this program can help.

To be eligible for the First-Time Home Buyer Incentive, a buyer must have a household income of less than $120,000 per year and must be a first-time home buyer (or have not owned a home in the last four years). The property being purchased must also be the
buyer's primary residence.

This program can make monthly mortgage payments more affordable. It also allows buyers to put down a smaller down payment and reduces the amount of mortgage insurance they need to pay.

The housing market can be a fickle friend - one minute it's showering you with low interest rates and rising property values, and the next it's giving you the cold shoulder with sky-high prices and limited availability. But fear not, dear homeowner or aspiring buyer, because I am here to be your constant companion and ally in the world of real estate.

I may not have control over the housing market or a crystal ball, but I do have the knowledge, expertise, and resources to help you navigate its ups and downs. From finding the perfect home to securing the best mortgage rates, I am here to make sure that you come out on top.

So don't let the housing market get you down - let me be your trusty sidekick and guide you through the twists and turns of the real estate world.

After all, a true friend is someone who's there for you through thick and thin, and that's exactly what I am here to do.

Come see me and Jax at the What Women Want show at Prairieland today until 9 pm and tomorrow from 9-9.

Ah, housing affordability - the elusive unicorn of the real estate world. It's the topic that's always on everyone's lips, but when it comes to actually finding it, it's as if we're all searching for a mythical creature that doesn't actually exist. We hear stories of people who have managed to catch a glimpse of this elusive beast - maybe they inherited a home from their grandparents, or they found a hidden gem in a less-popular neighbourhood. But for a lot of people, housing affordability remains a dream that's just out of reach.

My job, as your Unicorn Hunter, is to help you create a strategy to get you into home ownership! I have been able to help several families reach their goals, and it all started with a conversation.

Life's complicated enough, let a me untangle your home financing knots! Send me a DM.

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