Ontario to support first-time buyers

There will be an element of support for those trying to get a foot on the Ontario property ladder when the provincial government makes its fall economic statement Monday.

However, premier Kathleen Wynne is unlikely to announce any major changes to policy to address soaring home prices.

The Huffington Post reports that Wynne has hinted that there will be small changes to help first-time buyers and spoke of the challenge of saving for a downpayment.

On that basis, there is speculation that the government could propose funding to enable new homebuyers to escalate their savings to buy a home faster.
 

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