Deputy Prime Minister Chrystia Freeland announced on Monday proposed changes to the Canadian mortgage market, aiming to expand the availability of 30-year amortizations and increase the cap on insured mortgage products. Additionally, the price cap for insured mortgages will be raised to $1.5 million from the previous limit of $1 million.
01:46 | September 12, 202402:05 | September 11, 202400:49 | September 13, 202400:45 | September 12, 202401:29 | September 11, 2024 Both proposed changes would go into effect on Dec.
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Availability Canadian Mortgage Market Canadians Cap Chrystia Freeland Deputy Prime Minister Down Payment Economic Plan Expand First-Time Homebuyers Freeland Government Housing Market Insured Mortgage Cap Mortgage Rules New Builds Proposed Changes Qualifying Raise Real Estate Update
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