In this episode, Alex McFadyen breaks down the latest changes in mortgage regulations and real estate guidelines introduced by the Canadian government. Starting with new CMHC rules that impact down payments and amortizations, Alex explores what these mean for first-time home buyers and the market. He also discusses the recent announcement by the BC NDP on a new homebuyers platform and its implications. Additionally, Alex dives deep into OSFI's elimination of the stress test for uninsured mortgages, explaining how this benefits consumers and promotes competition among lenders. Tune in to get a detailed analysis of these significant regulatory changes and their potential impact on the real estate market.
Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co.
Alex’s Social Media: @themortgagepug
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https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
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