Breaking: Big Changes to Mortgages on Dec 15– Here’s How You Can Benefit!

In a major move to make homeownership more affordable, the government has just announced two significant changes that could impact you if you’re planning to buy a home. As of December 15th, the maximum price cap for insured mortgages is increasing from $1 million to $1.5 million. This means that with just a $125,000 down payment, you could buy a $1.5 million home—down from the previous $300,000 required. That’s a huge difference!

But that’s not all—there’s more good news! The 30-year amortization option is now available to all first-time homebuyers. This change will lower your monthly payments and give you more flexibility when buying. For example, on a $500,000 home, your payments could drop by $220 per month! And with greater purchasing power, one of our clients saw their pre-approval increase by $40,000—giving them more options in this competitive market.

How Can These Changes Work for You?
These new rules are designed to make homeownership easier, but the details can get a bit complicated. That’s where we come in. Whether you’re a first-time buyer or someone looking to upgrade, we’ll help you navigate these changes and maximize your purchasing power. Don’t miss this chance to save on both your down payment and monthly mortgage payments!

Book a Quick Call Today
If you want to know how these changes could help you buy your dream home, let’s talk! Book a quick, no-obligation call, and we’ll walk you through the new rules and show you how to take full advantage of them. Plus, if you know someone else who’s looking to buy, sell, or refinance, we’d be honoured if you referred them to us.

Click below to schedule your free call today—this is your chance to make the most of these exciting changes!

Scroll to Top