The Decibel The rules for buying a house are changing
Sep 23, 2024
In this discussion, Rachelle Younglai, a real estate reporter for the Globe, examines new mortgage rules aimed at helping first-time Canadian buyers. She explains how changes like lower down payments and longer repayment terms can ease entry into the housing market for younger generations. However, she warns that these benefits may come with increased overall interest costs. The conversation also highlights the potential impact of these rules on rising home prices and overall household debt.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Intro
00:00 • 2min
New Mortgage Rules for Young Canadians
02:17 • 5min
Changes in Mortgage Insurance and Down Payment Requirements
07:17 • 2min
Navigating New Mortgage Rules
09:32 • 4min
Navigating New Mortgage Rules: Monthly Payments and Interest Costs
13:41 • 2min
Shifting Dynamics in Housing Market
15:12 • 4min