# @realwillmansour on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DABWf-CufM3
- **Gondola URL:** https://gondola.cc/posts/61623003-realwillmansour-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/b41d7f5aca.jpg
- **Posted:** 2024-09-17T14:11:41.000+00:00
- **Account Owner:** Will Mansour (@realwillmansour) — https://gondola.cc/realwillmansour

## Caption

🚨 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

## Stats

- **Views:** 354
- **Likes:** 46
- **Shares:** 0
- **Comments:** 2

## Tags

firsttimehomebuyer, financialplanning, canadahousing, housingcrisis, mortgagechanges, investsmart, affordablehousing, realestatenews, realestatelife, homebuying

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