Brianna is back with timely information for Canadian First Time Homebuyers:

Coming into effect December 14, 2024, first-time buyers in Canada will have access to 30-year amortizations on insured mortgages.

Also released were details about the insured mortgage cap which is now $1.5 MM compared to the previous $1MM maximum purchase price.

Listen in to find out what these new regulations mean for you as a borrower and what to keep in mind if you are hoping to take advantage of these new opportunities in the market.

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