Canada's NEW Mortgage Rules Explained; Will they Help? (Or are they Political Hype?)

The Beavis Wealth Podcast

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In this video, The Federal Government has announced major changes to mortgage rules as it tries to make homeownership more accessible for young and first-time buyers. The new policies raise the insured mortgage price cap and extend amortization periods.

I discuss the pros and cons of these changes, their impact on the housing market, and potential political motivations behind the changes.

Also in this episode:

- Learn how raising the mortgage cap helps buyers with smaller down payments but could increase overall debt.
- Discover how 30-year mortgages make monthly payments easier, yet lead to higher total interest costs.
- Find out why these changes may push home prices higher, worsening affordability in the long run.

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