This week, the federal government announced some big changes to mortgage policies in Canada. Specifically, it’s expanding 30-year mortgage amortizations to anyone buying a new build, or to all first-time homebuyers. It’s also raising the insured mortgage cap from $1 million to $1.5 million.
In this conversation journalist Cara Stern and economist Mike Moffatt discuss the changes and the implications for first-time homebuyers, investors, and the overall housing market, while also addressing concerns about increased debt and the long-term effects on housing prices.
Links:
Insurable versus Uninsured Mortgages
Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.
The Missing Middle with Mike Moffatt and Sabrina Maddeaux