The Federal Government announced the following changes to mortgages in September 2024.
- CMHC Insured mortgage cap raised to $1.5M from $1M.
- First time home buyers and purchasers of new construction homes can access 30 year
amortization periods starting December 15th 2024. - A mortgage renewal will no longer need a stress test when changing lenders.
- Nearly 4 million new homes to be built.
Matt Shallo & Matt Legatto join me to break down the impact these changes will have on home buyers, home owners, and first time home buyers!
Jason Paul
902-220-7357
jason@infinityrealestategroup.ca
@jasonpaulhalifaxrealtor
Matt Shallo
782-640-8533
matthew.shallo@indimortgages.ca
@mattshallo.mortgages
Matt Legatto
902-240-3304
matthew.legatto@indimortgages.ca
@mattlegatto.mortgages
