Mortgage Changes Boost Homebuyers
This is a Ottawa news story, published by Global News, that relates primarily to Rishi Sondhi news.
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•Ottawa’s mortgage changes will be a ‘double-edged sword,’ TD economist warns - National | Globalnews.ca
80% Informative
TD Bank economist Rishi Sondhi says Ottawa 's proposed mortgage changes are a double-edged sword.
He says the proposed changes may boost affordability for first -time homebuyers, but could also stoke vulnerabilities in the Canadian economy.
The Liberal government plans to expand the availability of 30-year amortizations to all first time buyers and on all new builds, as well as to raise the price cap for insured mortgages to $1.5 million , up from $1 million today .
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