It’s Now Easier to Pay More for Housing!

This week, the federal government announced some big changes to mortgage policies in Canada. Specifically, it’s expanding 30-year mortgage amortizations to anyone buying a new build, or to all first-time homebuyers. It’s also raising the insured mortgage cap from $1 million to $1.5 million.In this conversation journalist Cara Stern and economist Mike Moffatt discuss the changes and the implications for first-time homebuyers, investors, and the overall housing market, while also addressing concerns about increased debt and the long-term effects on housing prices. Links:Insurable versus Uninsured MortgagesHosted by Mike Moffatt & Cara Stern & Sabrina MaddeauxProduced by Meredith MartinFunded by the Neptis Foundation https://neptis.org/