The federal government on September 24, 2024 announced expanded parameters for lenders and insurers to begin offering insured mortgages effective December 15, 2024. The expanded parameters include: Expanding the eligibility for 30-year amortizations. Increasing the $1 million cap to $1.5 million. To qualify for the 30-year amortization: the loan to value must be 80% or […]

Big News for Homebuyers in Canada! Inflation has dropped to 2.0%! This could mean lower mortgage rates are on the way! New Mortgage Rules: The government is introducing 30-year mortgages for first-time buyers and increasing the price cap for insured mortgages to $1.5M. More flexibility for homebuyers! U.S. Retail Sales Update: Strong numbers could affect […]