The Canadian government has just rolled out game-changing mortgage reforms to help more people like you get their dream homes. If you’ve been waiting for the right moment to buy, that moment is now! 💥
What's Changing in 2024?
The new mortgage rules are designed to tackle the housing crisis and make buying a home easier—especially in high-cost cities. Here’s what you need to know:
1. Higher Mortgage Insurance Limit💸
The insured mortgage cap is going up from $1 million to $1.5 million! This means more Canadians can qualify for mortgage insurance with just a 5% down payment, even in areas where housing prices are higher. Been struggling to save 20%? This is your chance!
2. Longer Amortization Periods 📅
First-time buyers and those purchasing newly built homes can now get up to 30 years to pay off their mortgage. That means lower monthly payments and more flexibility to manage your finances while owning your dream home.
3. A Fairer Housing Market 🏠
The government is also introducing the Home Buyers' Bill of Rights, which will increase transparency in real estate. No more blind bidding, and you’ll now have access to sales price history. It's time to buy with confidence!
Why This Matters for You?
With these reforms, buying a home is not just easier, but fairer. Whether you're buying your first home or upgrading, this is the time to act! 🕒
Take the First Step Now!
At IK Financial, we’re here to help you navigate these changes and get the best mortgage deal for you.
Don’t wait—these reforms could be your ticket to homeownership!
Ready to start? 🏡 . Give us a call and let us help you take the next step toward your dream home.
IK Financial Mortgage Team operates on behalf of Mortgage Edge. Lic#10680
Follow Us on Social Media:
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What's Changing in 2024?
The new mortgage rules are designed to tackle the housing crisis and make buying a home easier—especially in high-cost cities. Here’s what you need to know:
1. Higher Mortgage Insurance Limit💸
The insured mortgage cap is going up from $1 million to $1.5 million! This means more Canadians can qualify for mortgage insurance with just a 5% down payment, even in areas where housing prices are higher. Been struggling to save 20%? This is your chance!
2. Longer Amortization Periods 📅
First-time buyers and those purchasing newly built homes can now get up to 30 years to pay off their mortgage. That means lower monthly payments and more flexibility to manage your finances while owning your dream home.
3. A Fairer Housing Market 🏠
The government is also introducing the Home Buyers' Bill of Rights, which will increase transparency in real estate. No more blind bidding, and you’ll now have access to sales price history. It's time to buy with confidence!
Why This Matters for You?
With these reforms, buying a home is not just easier, but fairer. Whether you're buying your first home or upgrading, this is the time to act! 🕒
Take the First Step Now!
At IK Financial, we’re here to help you navigate these changes and get the best mortgage deal for you.
Don’t wait—these reforms could be your ticket to homeownership!
Ready to start? 🏡 . Give us a call and let us help you take the next step toward your dream home.
IK Financial Mortgage Team operates on behalf of Mortgage Edge. Lic#10680
Follow Us on Social Media:
YouTube
