30 Year Amortization For First time Home Buyers!!

In this video, I'm going to talk about the changes the government recently announced last week on the housing market. And there are some interesting and exciting news for homeowners and first time buyers.
📊 Increased RRSP withdrawal limit to $60,000 (from $35,000) for down payment.
🏡 Extended mortgage amortization to 30 years for new builds with insured mortgages (effective Aug 1st).
Interest rates might be cut soon, potentially leading to lower mortgage payments but also higher house prices. Staying informed and up-to-date on the latest developments is crucial to making sound financial decisions. ✨🔔
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I am Maria Ho, Realtor, Investor and Team Lead of Maria Homes. We provide extraordinary service for home sellers and home buyers in GTA Ontario. We have a track record and 5 stars Google Reviews ⭐ from hundreds of families we have helped to move in the GTA Ontario. 🏡
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****All stats, data, house pricing, and anything else mentioned is always subject to change and is provided merely as an example at the time of this recording
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Maria Ho, MBA
Realtor ® | Team Lead
416-858-9006
[e-mail]
iPro Realty Ltd., Brokerage