The hikes aren't over: the country’s interest rate has gone up by three-quarters of a percentage point, leaving it now at 3.25%.
In 2023, you can start saving thanks to the Canada’s federal government plans to implement a new tax-free savings account.
Thanks to various government first-time home buyer incentives, you just might qualify for these savings.
Anytime you buy a property–which also includes the land it sits on–you might need to pay the government taxes.
This means that you’ll need to put in a bit more on your monthly payments thanks to mortgage insurance premiums.