The 30 Year Amortization Is Back!

Saturday Aug 3rd, 2024

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30 Year Amortization

The Canadian government has introduced a new initiative allowing some first-time home buyers to extend their mortgage amortization from 25 to 30 years. This change, effective from August 1, aims to make monthly mortgage payments more affordable. Here’s what you need to know about this new plan and how it could impact home buyers, sellers, and investors in the Greater Toronto Area (GTA). What’s the Change? As of August 1, first-time home buyers in Canada can now opt for a... [read more]

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