Blog - iSask Mortgage Brokers

Understanding the Difference Between the FHSA and HBP for First-Time Home Buyers in Saskatchewan

By Scott Tremblay on June 28, 2024

First-time home buyers in Canada have two separate tax-exempt accounts they can choose from to help them save for a down payment on their home purchase. It is important to understand each of these financial tools independently and how they can work together to assist in purchasing a home.

New 2024 Federal Budget Initiatives Poised to Help First Time Home Buyers

By Scott Tremblay on May 17, 2024

Those entering the home buying market for the first time are about to see some help from Federal government initiatives. These proposed measures are meant to bolster purchasing power of first-time home buyers and make home ownership dreams more accessible.

First-Time Homebuyers: How to Use RRSPs for a Down Payment

By Scott Tremblay on February 8, 2023

First-time homebuyers in Canada have a unique opportunity to use their Registered Retirement Savings Plan (RRSP) towards their down payment for a first mortgage. Here's how it works.

How Much Will it Really Cost to Buy a House?

By Scott Tremblay on August 27, 2021

Once you have figured out the home price range you can afford and the type of mortgage you qualify for, you will need to calculate the associated costs of the transaction to make sure you are financially ready. Here is a list of some UPFRONT COSTS to plan for: Mortgage Loan Insurance Premium. Mortgage Loan […]

The First-Time Home Buyers Incentive: Is It Right For You?

By Scott Tremblay on September 27, 2019

By now you have no doubt heard about Canada’s new First Time Home Buyers Incentive. But what is it? How does it work? What are the pros and cons? And what’s the deal with the “shared equity” system?

To Rent or Buy: A Simple Comparison for First Time Home Buyers in Saskatoon

By Scott Tremblay on April 17, 2019

I want to show you a simple comparison on money spent on rent vs. money spent on buying a home. The number’s I’ve used below are just estimates, but they will help illustrate an important point that most first time home buyers need to consider when looking for their first home in Saskatoon. Let’s paint […]

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iSask Mortgage Brokers
517 4th Avenue North
Saskatoon, Saskatchewan
S7K 2M5

iSask Mortgage Brokers
517 4th Avenue North
Saskatoon, Saskatchewan
S7K 2M5

information@isaskmortgage.ca