In this video, I dive into the latest mortgage reforms in Canada, hailed as the boldest in decades. These changes, effective December 15, 2024, are aimed at making homeownership more accessible to Millennials and Gen Z. But are they truly helpful, or just another empty promise?
As a Mission, BC realtor and a mother of three Millennials, I'm breaking down the key points of the reforms-including the new $1.5 million insured mortgage cap and 30-year amortizations-and how these changes impact young Canadians trying to buy their first home.
If you're wondering how these reforms will affect your ability to purchase a home in British Columbia, or if you're feeling overwhelmed by the fine print, this video is for you. Stick around to the end for my take on what these changes really mean for families and first-time homebuyers.
