Unlocking Financial Assistance from Government Schemes and Grants for Welland Homebuyers

According to the Canadian Real Estate Association (CREA), the average home price in June 2023 was $583,288, a 17.6% drop from the year prior. National home sales were down by 2.5% on a month-over-month basis in June of this year, as many Canadians are on the fence about purchasing a home only to face high and rising interest on their mortgage.

In a high mortgage rate environment, prospective buyers can use all the help they can get. Fortunately, the Government of Canada offers a number of homebuyer assistance programs that can make the financial pain of that huge purchase a little easier to handle.