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Canada to allow 30-year amortization for first-time buyers' mortgages on new homes
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Canada to allow 30-year amortization for first-time buyers' mortgages on new homes Some advocates praise Ottawa's decision to extend the amortization period on insured mortgages for first-time homebuyers of newly built homes to 30 years. They suggest expanding this policy to all Canadians to make home ownership more affordable. Other changes include increasing the RRSP withdrawal....

Does Budget 2024 make it easier to buy a first home in Canada?
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Does Budget 2024 make it easier to buy a first home in Canada? The 2024 federal budget focuses on fairness among generations and housing affordability for younger Canadians. Experts see hope in the efforts to improve access to the housing market, but some measures may worsen the situation for buyers. The budget recognizes generational divides and aims to stimul...