Canada's new mortgage rules lower down payments and extend amortization periods, letting borrowers take on more debt. The speaker calls it a Band-Aid that ignores the real affordability crisis and warns of heightened financial risk.
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New mortgage changes. We've been lied to again by yours truly, your federal government. Even the government has silently admitted they can't make housing more affordable, so they're just making it more accessible instead. These changes will allow lower down payment and longer amortizations, letting you take on more debt. But it's a Band-Aid solution benefiting a small minority while ignoring the real issue of affordability. Don't be fooled. This is about taking on higher risks before Before diving in, get expert advice to navigate these options wisely. I'm just curious, do you think this is a step forward or just smoke and mirrors? Share your thoughts in the comments and follow for real talk on navigating Canada's housing market.