Oct 09 2024 21 mins 1
The new CMHC rules will enable more homebuyers to qualify for mortgage insurance, potentially allowing them to secure larger mortgage amounts, and making homeownership more accessible. This includes 30-year amortization periods and mortgage insurance qualification for houses up to $1.5 million.
James and Denny share their thoughts on these changes as the government tries to stimulate home buying through policy.
This episode will focus on CMHC's new lending rules, new mortgage caps, longer amortizations, new construction rule changes, prolonged presales, buyers walking away from condos, the government trying to stimulate home buying, and comparisons to 2007/08.
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James Garbutt
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Denny Dumas
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Instagram: /denny.dumas
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Garbutt + Dumas Real Estate
Instagram: /gdrealestateteam
Facebook: /gdrealestateteam
Website: garbuttdumas.ca
