Home Buying Changes in Canada: How New Rules Impact You

from Make Money Count · host Cannect Inc.

In this episode of Make Money Count, we break down the latest announcement from Canada’s Minister of Finance about significant changes in home-buying rules. We discuss: The increase of the maximum insurable purchase price from $1 million to $1.5 million, making it easier to buy a home with less than 20% down. The introduction of 30-year amortizations for first-time buyers and newly built homes, lowering monthly payments but increasing total interest paid. How these changes may impact future interest rate cuts and housing market activity.

Episode metadata supplied by the publisher feed · Published Sep 17, 2024

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Home Buying Changes in Canada: How New Rules Impact You

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This episode was published on September 17, 2024.

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