Low Down Payments Could Backfire | Episode 85

Send us Fan Mailhttp://www.calendly.com/alexpangmortgageCanada’s housing market is shifting again, and this episode breaks down what buyers, homeowners, and investors need to understand right now.Alex Pang and Alex Shanks discuss the latest political shake-up in Ottawa, the temporary federal fuel tax suspension, slowing BC home sales, First Nations land claim uncertainty, BC’s latest credit downgrade, and how developers are getting creative as pre-sale demand cools.The biggest takeaway: new builds may start making sense again for some first-time buyers, especially when GST rebates, PTT exemptions, FHSA savings, and smart down payment planning are used properly.But there is a warning too. Borrowing your down payment through RRSP loans, lines of credit, or even vehicle refinancing can backfire fast if the debt servicing kills your mortgage qualification.In this episode:Why Canada’s new majority government matters for housingBC home sales, prices, and dollar volume slowing downWhy land claims and lender caution are becoming bigger issuesHow developers are using “try before you buy” incentivesThe new build GST rebate strategy for first-time buyersWhy borrowed down payments can reduce your buying powerThe danger of car debt, negative equity, and overleveragingDisclaimer: This content is for general information only and is not financial, legal, or mortgage advice. Speak with a qualified mortgage professional before making any real estate or financing decision.Podcast Social Links:Website: https://canadianmortgageshow.com/Instagram: https://www.instagram.com/canadianmortgageshow/Facebook: https://www.facebook.com/canadianmortgageshow/Follow Our Hosts:Alex Pang Tiktok: https://www.tiktok.com/@alexpangmortgage/Instagram: https://www.instagram.com/alexpangmortgage/Alex Shanks Tiktok: https://www.tiktok.com/@mortgagemanagement/Instagram: https://www.instagram.com/alexshanksmortgagemanagement/