Changes in Mortgage Insurance and Down Payment Requirements

Last week, the Liberal government announced they’re bringing in new mortgage rules to help first-time buyers get into the market. The changes would help buyers to get into the market with lower down payments and lower monthly payments, but can mean more interest in the long run. 

Rachelle Younglai is the Globe’s real estate reporter. She’s on the show to talk about what these changes mean for buyers, and what effect they might have on the housing market.

Join Globe reporters Rachelle Younglai and Erica Alini for a live Q&A and ask your questions on new mortgage rules on Monday September 23 at 12 p.m. ET: tgam.ca/new-mortgage-rules