CMHC Announces Mortgage Changes to Boost Homeownership for Canadians

by on October 10, 2024 with No Comments

The new CMHC rules will enable more homebuyers to qualify for mortgage insurance, potentially allowing them to secure larger mortgage amounts, and making homeownership more accessible. This includes 30-year amortization periods and mortgage insurance qualification for houses up to $1.5 million.

James and Denny share their thoughts on these changes as the government tries to stimulate home buying through policy.

This episode will focus on CMHC’s new lending rules, new mortgage caps, longer amortizations, new construction rule changes, prolonged presales, buyers walking away from condos, the government trying to stimulate home buying, and comparisons to 2007/08.

Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel

Email us at garbuttdumaspodcast@gmail.com

James Garbutt james@gdrealestate.ca Instagram: /jamesgarbutt Facebook: /jamesgarbutt

Denny Dumas denny@gdrealestate.ca Instagram: /denny.dumas Facebook: /denny.dumas.5

Garbutt + Dumas Real Estate Instagram: /gdrealestateteam Facebook: /gdrealestateteam Website: garbuttdumas.ca

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