This extends the amortization by 25 years.
Without real estate price appreciation and insane immigration, Iām 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 ā to $60,000 ā 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.
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