Major Mortgage Policy Shift: Liberals Announce 30-Year Terms and $1.5 Million Limit
This Monday, September 16th , the Liberal government unveiled Proposed Reforms to the Canadian mortgage market aimed at increasing accessibility for homebuyers. The changes include expanding the availability of 30-year amortizations for insured mortgages and raising the cap on these insured products to $1.5 million from the previous $1 million limit. Under the new rules, … Read more