Housing Will Get Worse - New Mortgage Rules For Canada Sept 16 2024.

The government just did it again! More housing policies have been introduced, but are they really helping first-time homebuyers, or is it just another political sound bite? In this video, I break down why these changes, like increasing the insured mortgage limit and reintroducing 30-year amortizations, could backfire and push housing prices even higher.

As a younger Canadian and a real estate investor, I’ll share my unique insights into how these policies benefit people like me more than those they claim to help. If you’re a first-time buyer or concerned about the housing market, this video is for you.

Make sure to watch until the end for my full breakdown, and don't forget to share your thoughts in the comments! 👍

Timestamps:

00:00 - Introduction: Government policy changes – What's really going on?
00:32 - Personal Perspective: How this affects younger Canadians and first-time homebuyers.
01:02 - Unique Insights: My experience with successful retirees and real estate investing.
01:30 - The Reality: How these changes benefit investors more than first-time buyers.
01:59 - The Problem: Why increasing the maximum insured mortgage is bad for buyers.
02:32 - Unrealistic Expectations: First-time buyers jumping straight to $1.5M homes?
04:11 - Supply vs. Demand: How increased demand with limited supply pushes prices higher.
05:03 - Breaking It Down: How policies create false purchasing power for buyers.
06:35 - Worsening Conditions: Higher prices for the same homes—what’s really happening?
07:08 - Root of the Problem: Lack of supply and misguided government solutions.
08:17 - Political Promises: Why these measures are just political sound bites.
09:18 - 30-Year Amortization: Why this short-term gain leads to long-term financial strain.
10:33 - Interest Costs: The hidden cost of extending mortgage amortization.
12:02 - Personal Choice: Financial versus personal decisions when buying a home.
13:30 - Investor Advantage: How property investors like me benefit from these changes.
14:52 - Conclusion: Who really wins from these policies? Spoiler: Not first-time buyers.
16:21 - Final Thoughts: Let me know your opinions in the comments and stay tuned for more.
Disclaimer:

The content in this video is provided for informational and educational purposes only and should not be construed as financial, real estate, or legal advice. Always consult with a qualified professional before making any financial or real estate decisions. The opinions expressed are solely those of the presenter and do not reflect the views of any affiliated organizations.

Your financial situation is unique, and the content of this video may not apply directly to you. Viewer discretion is advised when interpreting the information shared.

Call to Action (CTA):

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Also, grab our free Ultimate Retirement Checklist to help secure your financial future at retirementaudit.ca. Stay tuned for next week's video where we'll discuss common bad habits retirees face. Thanks for watching, and God bless!


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