#canadianrealestate #canadianeconomy #30yearamortization
The Canadian Government will be allow 30 year amortizations for First Time Home Buyers purchasing a New Build – this according a statement coming from Finance Minister Chrystia Freeland.
Links:
First-time homebuyers can get 30-year mortgages to buy newly built houses under rule change:
Trudeau government to loosen RRSP, mortgage rules as housing shortfall swells:
Many Canadians feel homeownership is out of reach, poll finds:
https://ca.finance.yahoo.com/news/many-canadians-feel-homeownership-reach-182821229.html
Canada’s housing crisis poised to worsen without major reforms, RBC report says:
Housing affordability at worst levels in 41 years, Bank of Canada index shows:
https://globalnews.ca/news/10167093/housing-affordability-bank-canada-index/
Freeland announces housing affordability measures for first-time buyers, current owners:
https://www.cbc.ca/news/politics/freeland-housing-affordability-measures-1.7170671
Consumer price index portal:
https://www.statcan.gc.ca/en/subjects-start/prices_and_price_indexes/consumer_price_indexes
Canada to allow 30-year mortgages for first-time homebuyers:
All-in Price Advertising:
https://www.omvic.ca/buying/your-rights/all-in-price-advertising/
Canada to allow 30-year amortization for first-time buyers’ mortgages on new homes:
How much you need for a down payment:
https://www.canada.ca/en/financial-consumer-agency/services/mortgages/down-payment.html
What 30-year amortizations mean for mortgage consumers:
A ‘dumb’ idea to make housing more affordable:
https://macleans.ca/facebook-instant-articles/a-dumb-idea-to-make-housing-more-affordable
CMHC predicts home price declines in major cities, but retreats from earlier forecast of 18% plunge:
The Long-Term Evolution of House Prices: An International Perspective:
https://www.bankofcanada.ca/2015/08/long-term-evolution-house-prices/
Housing industry fears first-time buyers being forced out of market:
Ottawa changing RRSP Home Buyers’ Plan, some mortgage amortization rules:
BOC Governor Says Canada Will Lean On Real Estate Because “We Need The Growth”:
Immigration is making Canada’s housing more expensive. The government was warned 2 years ago:
https://www.cbc.ca/news/politics/ircc-immigration-housing-canada-1.7080376
Mark Mitchell – Mortgage Broker London Ontario
920 Commissioners road east
London, Ontario N5Z 3J1
Phone: (519)860-2102 (Call or Text)
[email protected]
Brokerage Lic: 10464
Broker Lic: M16001479
https://www.LondonOntarioMortgages.ca – Apply Online!!
Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario
Subscribe NOW for more Mortgage/Financial News/Videos.
Follow me on Social Media:
Instagram – https://www.instagram.com/mortgagebrokerlondonontario
Facebook – https://www.facebook.com/londonontariomortgages
Twitter – https://twitter.com/londonmortgage1/
LinkedIn – https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/
TikTok – https://www.tiktok.com/@mortgagebrokerlondon?lang=en
Commentary on this Channel should not be considered financial advice.
![University of Waterloo students and community members set up Gaza encampment [Video]](https://canadanewsvideo.com/wp-content/uploads/2024/05/mp_529890_0_gazahouseencampment168849301715618410356jpeg.jpg)
![1 injured in Scarborough tow truck shooting [Video]](https://canadanewsvideo.com/wp-content/uploads/2024/05/mp_529275_0_towtruckshootingkennedymunhammay12168842341715552494394jpeg.jpg)
![Brampton park shooting near schools [Video]](https://canadanewsvideo.com/wp-content/uploads/2024/05/mp_524498_0_bramptonshooting168773001715114266984jpg.jpg)
