Columnists Housing London Free Press

Snaith: Will new mortgage rules help more young Canadians buy homes?

4 min read

Stuart Snaith, University of Victoria In a bid to address Canada’s housing crisis, Deputy Prime Minister and Finance Minister Chrystia Freeland announced new changes to mortgage rules on Sept. 16, set to take effect in December, aimed at making housing more affordable. The first major change is an increase in the price cap for insured […]

Housing London Free Press

30-year mortgage option may spark London’s sluggish housing market: Brokers

3 min read

A decision by Ottawa to allow first-time homebuyers to access 30-year mortgages for resale properties may give London’s sluggish housing market a much-needed jolt, with local industry watchers saying the move already is sparking interest among would-be buyers. Earlier this week, Finance Minister Chrystia Freeland announced changes to mortgage rules, moving the cap for insured […]