Exciting new mortgage rules in Canada! 1. Increase in Insured Mortgage Price Cap: The government is raising the price cap from $1 million to $1.5 million, which will come into effect on December 15, 2024. This change aims to help more Canadians qualify for insured mortgages, making homeownership more attainable, especially for younger Canadians. 2.…

Introducing the First Home Savings Account (FHSA), a registered savings plan created by the federal government in 2022. The purpose of an FHSA is to assist you in saving for your first home, completely tax-free. Who’s eligible? Are you eligible for an FHSA? Any Canadian who is 18 years or older and has never purchased…