The Canadian government has announced significant revisions to the 30-year amortization program to make home ownership more accessible. These changes allow all homebuyers to opt for a 30-year mortgage, regardless of their down payment size.
This extension aims to lower monthly mortgage payments, making it easier for young Canadians to enter the housing market.
Watch the video above as Stockhouse catches up with Michael Succurro, CEO of Fluent Capital Management and co-founder and president of Spark Financial Group, to talk about the revisions and how they might affect your real estate investments.
Check out previous conversations with Succurro about mortgage renewals, the announcement of 30-year amortization plan and more.
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