#canadianrealestate #canadarealestate #canadianmortgages
Canada is allowing 30 Year Mortgage Amortizations for ALL First Time Home Buyers with less than 20% down, and loosening down payment restrictions on homes priced over 1 Million Dollars.
Links:
Government announces boldest mortgage reforms in decades to unlock homeownership for more Canadians:
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Ottawa to expand 30-year amortizations, raise insured mortgage cap:
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Canada to allow 30-year amortization for first-time buyers' mortgages on new homes:
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Ottawa to allow 30-year mortgage loans for all first-time and new-build homebuyers:
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MORTGAGE LOAN INSURANCE:
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National Statistics:
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Mortgage loan insurance and premiums:
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Bank of Canada governor raises prospect of big rate cuts:
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Trudeau Loosens Mortgage Rules in Bid to Woo Younger Voters:
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A mortgage crisis still looms for Canada, for the worst is yet to come:
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Canadians should brace for recession because odds are 'not zero,' says Stephen Poloz:
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Bank of Canada governor raises prospect of bigger rate cuts:
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Homebuyer FOMO Starts to Pump Up Canada’s Real Estate Market:
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Canadian homebuyers tap some optimism, bet on spring market to change their fortunes:
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Let’s face it, solving Canada’s housing crisis will be unpopular and difficult:
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Jim Flaherty vs. Mortgage amortization:
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Freeland says Canada will expand 30-year amortization, raise insured mortgage cap:
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Mark Mitchell – Mortgage Broker London Ontario
920 Commissioners road east
London, Ontario N5Z 3J1
Phone: (519)860-2102 (Call or Text)
MarkMitchell@LondonOntarioMortgages.ca
Brokerage Lic: 10464
Broker Lic: M16001479
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Commentary on this Channel should not be considered financial advice.
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