The Dark Side of Canada’s New Mortgage Rules - First-Time Buyers Beware!

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The Canadian housing market is facing some of the biggest changes in years with the introduction of new mortgage rules. In this video, I’ll break down everything you need to know as a first-time homebuyer in Pickering, Durham, or beyond. From the return of 30-year amortizations to the increased cap for insured mortgages, these changes could impact your path to homeownership.
📌 Here’s What You’ll Learn:
✅ The pros and cons of 30-year vs. 25-year amortizations.
✅ How the increased cap for insured mortgages might affect affordability.
✅ Whether these changes could drive up home prices.
✅ Smart strategies to navigate these reforms and make the best financial decision for your future.
✨ My Take:
While these changes provide some flexibility for buyers, they come with significant trade-offs, including higher long-term costs. For first-time buyers, it’s essential to approach these options with financial literacy and a clear budget.
The opinions expressed herein are solely those of Harpreet Singh, not Avion Realty Inc., or the TRREB. They should not be misconstrued as advice or the basis of an agency relationship. Please consult your professional advisor before taking action on any decisions about the matters discussed in these videos. This communication is not intended to cause or induce a breach of an existing agency agreement. This is not financial advice.