Archive for July, 2019

Archive for July, 2019

The truth about Ottawa’s First Time Home Buyer Incentive (and you’re probably not going to like it)

Posted on July 18th, 2019 by Leahs Mortgages

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-ottawas-first-time-home-buyer-incentive-who-wins-and-who-loses/ It’s an especially good tactic for short-term homeowners to save interest and premiums, on the backs of taxpayers. “That’s gaming the system,” says mortgage broker Shawn Stillman of Toronto-based Mortgage Outlet Inc. “But that’s not what the government wants. It wants people in their houses long term because it’s losing money if they’re not. […]

Shawn Stillman Quoted on The Globe and Mail – The truth about Ottawa’s First Time Home Buyer Incentive (and you’re probably not going to like it)

Posted on July 18th, 2019 by Leahs Mortgages

  https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-ottawas-first-time-home-buyer-incentive-who-wins-and-who-loses/ It’s an especially good tactic for short-term homeowners to save interest and premiums, on the backs of taxpayers. “That’s gaming the system,” says mortgage broker Shawn Stillman of Toronto-based Mortgage Outlet Inc. “But that’s not what the government wants. It wants people in their houses long term because it’s losing money if they’re […]