Episode 07: Major Shake-Up for Homebuyers: What These New Rules Mean for You!

Send us Fan MailEpisode Description:In this episode of The Canadian Mortgage Show, Alex Pang and Alex Shanks discuss the latest updates impacting homebuyers and mortgage holders in Canada. From OSFI’s removal of the stress test for uninsured mortgage renewals to new government deals for affordable housing in BC, and the details of the $1.5M insured mortgage cap for first-time homebuyers—there’s a lot to unpack. They also answer listener questions in the Viewer Mailbag segment. Don’t miss out on the insights that could save you thousands on your next mortgage or home purchase!Topics Covered:OSFI Removes Stress Test for Uninsured Mortgage Renewals (Effective Nov 21st)BC Government Partners with First Nations for Affordable Housing DevelopmentInsured Mortgage Cap Raised to $1.5M for First-Time HomebuyersBC’s Record-Low Fertility Rate & Canada’s Demographic DeclineBill C-71 – Citizenship Act AmendmentFollow Our Hosts:Alex Pang  - ‪@alexpangmortgage‬ Alex Shanks - @alexshanksmortgagemanagement