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Unlocking Canada's New Mortgage Rules: What Homebuyers Need to Know | EP 58
Dive into Canada's game-changing mortgage rules for 2024 with real estate expert Vishal Kapoor. This episode breaks down the latest policies and their impact on homebuyers and the housing market. Timeline: 0:00 - Introduction 1:15 - New mortgage rules explained 3:30 - Real-life example: Sarah's homebuying journey 5:45 - Market reactions and predictions 8:20 - Regional variations in housing trends 10:40 - Global economic influences 13:15 - Future forecast and implications Key points discussed: • Increase in insured mortgage cap from $1M to $1.5M • 30-year amortization for first-time buyers and…
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