Buying a Home in Toronto? 2024 Mortgage Rule Changes You Can’t Ignore
In this video, we’re diving into some big news on the latest Canadian mortgage updates 2024 that could significantly impact the Toronto real estate market and Canadian real estate as a whole. The federal government recently announced new mortgage rule changes in Canada, and if you’re buying a home in Toronto, especially as a first-time home buyer, these updates could influence your next steps. I’ll break down what these new mortgage rules mean for Toronto real estate market 2024, including insights into the GTA real estate scene, the broader housing market 2024, and how these changes may affect your mortgage payments. Whether you’re planning to buy a home, looking for real estate tips 2024, or simply staying up to date on real estate news, this video has something for everyone. With one change that could pose risks for buyers and another that opens up new opportunities, now might be the perfect time to make your move in the Toronto housing market. Let’s get into the details and discuss how these changes could shape Canada real estate. Stay tuned! ✅Have Questions? Feel free to reach out to me: 📱 Text/call at (647) 867-1763 💻 Email: fadynakhla@royallepage.ca 🗓️ Schedule a Call with Me: https://calendly.com/fadynakhla 👋 Instagram: / fadysoldit 👨💻 Website: https://www.gtapropertyfind.ca 🔔Curious about life in Toronto and the GTA? Wondering how to get your home sale-ready? Subscribe to Fady Nakhla for expert advice and local insights! / @fadynakhlarealestate 00:00 Intro 01:17 Increased Price Cap For Insured Mortgages 03:00 First Mortgage Change Example 06:30 30 Year Amortization for Insured Mortgages 08:09 Second Mortgage Change Example 09:13 Summary of Mortgage Changes Coming December 15th ============================= ✅ Other Videos You Might Be Interested In Watching: 👉 DOWNTOWN TORONTO CONDO STUDIOS Under $500K | What Your Money Buys In Toronto Real Estate in 2024 • What UNDER $500,000 Buys you in Downt... 👉 Investing in a Toronto Condo EVERYONE Ignored! Massive Returns Revealed! • Investing in a Toronto Condo EVERYONE... 👉 It’s the PERFECT Time to Invest in a Toronto Condo | Step-by-Step Guide! • It’s the PERFECT Time to Invest in a ... 👉 Renting vs Buying: The Shocking Truth About Your Housing Costs! • Renting vs Buying: The Shocking Truth... 👉 Airbnb vs. Long-Term Rental Profits in 3 Toronto Condos CURRENTLY for Sale • Airbnb vs. Long Term Rental Profits i... ============================= ✅ About Fady Nakhla. Welcome to my channel, where I offer tips and resources to make buying and selling real estate easier, highlight specific neighborhoods, introduce communities, and discuss life in Toronto and surrounding areas in the GTA. I aim to educate people on the real estate market in Toronto, ON, along with other areas in the GTA and provide insight into living in the GTA. For sellers, I also offer tips for getting their home ready to sell for top dollar. If you're looking for a dedicated, local, down-to-earth real estate pro, please contact me. I would love to help! Be sure to subscribe, and I'll see you in the comments! For Collaboration and Business inquiries, please use the contact information below: 📩 Email: fadynakhla@royallepage.ca 🔔 Unlock the door to your dream home in the GTA! Subscribe for the best Toronto real estate and community insights, from sale-ready strategies to neighborhood highlights. / @fadynakhlarealestate ================================= #torontorealestate #mortgageupdate #canadianrealestate #firsttimehomebuyer #gtahomes #torontohomesearch ⚠️Disclaimer: I do not accept any liability for any loss or damage incurred from you acting or not acting as a result of watching any of my publications. You acknowledge that you use the information I provide at your own risk. Do your research. Copyright Notice: This video and my YouTube channel contain dialogue, music, and images that are the property of Fady Nakhla. You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to my YouTube channel is provided. © Fady Nakhla