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If you're looking to secure a mortgage in Ontario with a low income, it's essential to prepare your application paperwork, including identification, income statements, and bank account details. Consider alternative mortgage solutions from high-risk lenders who are more lenient. Create a budget to understand your financial situation and start a savings plan for mortgage payments…

Ontario's housing market in October 2025 saw average home prices decline by 6.3% year-over-year to $777,800, with single-family homes, townhouses, and condos all experiencing price drops. Sales fell 5.7% amid record new listings, increasing inventory and balancing the market. Average rent decreased by 2.2%. Regional variations showed stronger markets in Eastern and Northern Ontario, while…

The Municipal Property Assessment Corporation (MPAC) has started sending 618,360 property assessment notices, including 19,300 in Windsor-Essex, mainly due to ownership changes. Assessments reflect property values as of January 1, 2016, for the 2026 tax year. Property owners can request reconsideration of their assessment by March 31, 2026, if they disagree with the valuation. Continue…

Ontario has introduced a full C$80,000 HST rebate for first-time homebuyers purchasing newly built homes up to $1 million. This initiative aims to improve affordability by reducing upfront costs, helping buyers allocate funds toward down payments and mortgage stability. The rebate supports long-term homeownership and complements other federal and provincial programs, encouraging greater participation in…

First-time homebuyers should prepare by budgeting for mortgage, taxes, insurance, and maintenance. Getting pre-approved for a mortgage clarifies affordability. Research local markets and factor in closing costs. Consider home inspections to avoid surprises. Decide between buying resale or building new, weighing costs and energy efficiency. Plan for future needs, resale value, and ongoing maintenance. Take…