🚨 New Mortgage Changes in Canada!🚨 The government has raised the insured mortgage limit from $1M to $1.5M and extended payment terms to 30 years. While this might sound good for first-time homebuyers, it comes with higher down payments, bigger insurance premiums, and a need for a massive income 💸💼. Is this really helping the housing affordability crisis? 🤔 Plus, you can now withdraw up to $60K from your RRSP for a down payment—but be ready to face more taxes if you don’t pay it back! 💰📈 Do these changes help, or are they adding more stress to buyers? 🏡💭 Follow realwillmansour for more #RealEstateNews #MortgageChanges #FirstTimeHomeBuyer #CanadaHousing #Homebuying #HousingCrisis #AffordableHousing #FinancialPlanning #InvestSmart #RealEstateLife