🏡 Big news for homebuyers in Canada! 🇨🇦
The government has announced the boldest mortgage reforms in decades to make homeownership more affordable—especially for Millennials and Gen Z! Here’s what you need to know:
✨ 30-year insured mortgages are now available for all first-time buyers and new build purchases, making monthly payments more manageable.
✨ The price cap for insured mortgages is increasing from $1 million to $1.5 million starting December 15, 2024.
✨ Plus, more flexibility when switching lenders at renewal—no more stress tests!
These changes are aimed at unlocking homeownership for more Canadians and building nearly 4 million new homes! 🏡💼
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Are you interested in buying, selling or investing in Calgary and area real estate? Our team would love to help!
For any inquires, please click the links below 👇🏻
Daniel Kowall and Tali Kowall // eXp Realty // Kowall Boutique Real Estate
403.992.5765 // www.kboutiquere.com // [email protected]
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