The news you have been waiting for
As I am sure everyone has heard, HUGE mortgage changes early this month shook up the Real Estate market in Canada. The largest change was CMHC reducing the maximum life on a mortgage from 30 years down to 25. This brilliant change effectively reduces the debt Canadians take on when purchasing a home and also helps all of us pay off our mortgages sooner.
This will be a great boost for the market. By reducing affordability to all Canadians, this will...