The Government of Canada has announced new details about their shared equity mortgage program, dubbed the First-Time Home Buyer Incentive, and indicated the program will officially launch on September 2nd. Having a firm launch date will provide much-needed certainty about the federal program. The delay since the announcement in March has caused some prospective home buyers to sit on the sidelines while they wait for more concrete information about the incentive.
Under the program, the government would assist first time home buyers by providing an interest-free loan for up to 10% of the value of their newly constructed homes to be repaid over a period of 25 years or when the home is sold. Buyers must have a household income below $120,000 and the incentive would be capped at $480,000. This represents, for example, a home purchase value of $600,000 with a 20% down payment.
The new details announced this week relate to the repayable amount on the loan if the value of the home increases or decreases. While homeowners will be responsible for paying back any proportional increase in the fair market value of the home, they will not be responsible for the full loan amount if the home decreases in value.
Read full article: https://www.placetocallhome.ca/fthbi/first-time-homebuyer-incentive
The (CHBA) recently surveyed its home builder and developer members across Canada to assess the impact of the federal government’s mortgage stress test, introduced just over one year ago.
The survey results point to growing consumer difficulties when it comes to securing a mortgage.
Read full article:
All Canadians now have free access to Codes Canada publications through the NRC Virtual Store. Electronic and downloadable editions of the National Building Code, the National Fire Code, the National Plumbing Code, and the National Energy Code for Buildings, as well as the provincial codes published by the National Research Council, are free of charge. CHBA continues to be actively involved in the development of the national codes, which serve as the model for building regulations across the country.
GMHBA is proud to announce the winner of our spring contest in partnership with Home Hardware Building Centres Elmwood / Dieppe / Magnetic Hill & Downey’s. This contest was a way to officially launch the Underground Economy campaign and it was a success. We have have reached 1000 page likes and over 50,000 hits from the promotion
The lucky winner of the $200 Home Hardware gift card is Deb Burns. Thanks to everyone who participated and our partners at Home Hardware Elmwood/Dieppe/Magnetic Hill for making this giveaway possible.
The GMHBA welcomes, with great pleasure, Kevin Lee from CHBA – National as this month’s guest speaker.
- Kevin Lee, CHBA – “What the Heck Does CHBA National Do for Me Anyways?”
Curl Moncton, 80 Lockhart St., Moncton
5:30pm Reception & 6:30pm Dinner
- $50 for Members (HST incl.)
- $55 (HST incl.) for Non-Members
Thank you to our Corporate Sponsor:
The GMHBA welcomes, with great pleasure, Bill Budd, City of Moncton, Sébastien Doiron, Planning Director for Plan 360 (South-East Reginal Service Commission, and Alex Girourard City of Dieppe
- Panel Discussion with the Tri-Community – Growth and Planning
April 20th, 2023 – 5:30 pm Reception & 6:30 pm Dinner
This annual report provides detailed data and comprehensive analysis for Moncton’s rental market from the Fall Rental Market Survey results. Ideally suited for lending institutions, investors, developers, appraisers, property managers, renters, real estate professionals and public administrators, these reports are the best source for Fall rental market trends and detailed statistics.
Click Below to download the file in PDF format.
The 30th Annual Greater Moncton Home Show
The largest professional home show in Atlantic Canada
We are really proud to be celebrating the 30th anniversary of the Greater Moncton Home Show in 2019. The Home Show will take place at the Moncton Coliseum Complex on the weekend of March 22nd, 23rd and 24th 2019.
With more than 165 booths and more than 12,000 visitors anticipated, the Greater Moncton Home Show is the place to be. Because the show is focused exclusively on exhibitors in the home building, renovating and furnishing industries – visitors are serious about learning and seeing it all.
Visit www.greatermonctonhomeshow.com for more info.
The likelihood of persons with disabilities to be in core housing need is much higher than that of persons without disabilities. This Research Insight examines the housing conditions of persons with disabilities using data from the Canadian Survey on Disability.