Canada To Allow 30-Year Amortization For First-Time Buyers' Mortgages On New Homes 👀
Вставка
- Опубліковано 20 чер 2024
- P.S. Whenever you’re ready there are 3 ways we can connect.
1 - Book an appointment with me 📅
calendly.com/tomstorey
2 - 💾 DOWNLOAD Our FREE Buyer's Guide: tinyurl.com/3zwv7px3
💾 DOWNLOAD Our FREE Toronto Seller's Guide tinyurl.com/mssbtpnz
3 - Check out my weekly podcast, “The Tom Storey Show” 🎙️
/ @thetomstoreyshow
Video Chapters
00:00 🏡 30-Year Amortization for First-Time Home Buyers
01:09 🌆 Specific Impact on the Toronto Market
01:51 🇨🇦 Potential Benefits in Other Canadian Markets
02:19 💰 Additional Financial Tools for First-Time Buyers
03:29 📊 Broader Implications of Mortgage Policies
03:55 🔍 Mortgage Fraud and Election Year Politics
The opinions expressed herein are solely that of Tom Storey, not Royal LePage or the TRREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement. This is not financial advice. - Розваги
Great , by the time you finish paying , you're ready to sell and move into an old folks home.
A lot of first time buyers are 30-40 years old these days. You have a point!
Not mentioning it’s already rotten
They didn’t apply 30yr for properties other than new homes, because it would rally the housing market. Thus causing higher inflation. I’m a FTHB in gta and the only way to solve affordability/inflation is a market correction.
take a 30 year mortgage and do weekly payments - this will automatically bring it down to 24 years, 4 months.
you could already do this before?
Not a good idea to open it up to the whole market. Canadians need to learn how to save more money and stop spending as drunken sailors.
And if they opened it up to the whole market, it would just add more qualified buyers to the mix, driving up demand even more and subsequently house prices...
Can’t trust nobody anymore
By the time you paid it off, you would have spent so much more interest.
We now have 30 years to pay off a bank loan,,,should it take 30 years to pay off a loan of any sort? Hahahahaha,,what a joke.