This extends the amortization by 25 years.
Without real estate price appreciation and insane immigration, I’m not even sure Canada has a functioning economy.
The new rules will apply to first-time buyers who purchase newly built homes through insured mortgages. The government will almost double — to $60,000 — the amount first-time home buyers can withdraw from their RRSPs to purchase a home.
This article was written by Adam Button at www.forexlive.com.
cnbctv18-forexlive
