# @realwillmansour on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/C5qca3JrD5U
- **Gondola URL:** https://gondola.cc/posts/61624246-realwillmansour-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/16060a6465.jpg
- **Posted:** 2024-04-12T13:32:30.000+00:00
- **Account Owner:** Will Mansour (@realwillmansour) — https://gondola.cc/realwillmansour

## Caption

🏠 Exciting News for First-Time Homebuyers! 🎉 Here are 3 key points about the recent changes in Canadian mortgage policies:

1️⃣ Extended Amortization Period: Starting August 1, first-time buyers of newly-built homes can enjoy 30-year amortization periods on insured mortgages. This means lower monthly payments and increased affordability!

2️⃣ Increased RRSP Withdrawal Limits: Effective April 16, the RRSP withdrawal limit for first-time homeowners has nearly doubled to $60,000, offering extra financial support for purchasing a home.

3️⃣ Mixed Impact on Economy: While these changes may boost homebuying activity and support the construction sector, there are concerns about potential increased household debt and long-term economic implications.

Let’s discuss how these changes might affect you! 🤔

Follow realwillmansour for more

#Homeownership #CanadianRealEstate #MortgageNews #FirstTimeBuyers #AffordableHousing #EconomicImpact #RRSPWithdrawal #NewHomeBuyers #AmortizationPeriod #FinancialPlanning #HousingMarket

## Stats

- **Views:** 402
- **Likes:** 37
- **Shares:** 0
- **Comments:** 4

## Tags

economicimpact, newhomebuyers, firsttimebuyers, rrspwithdrawal, mortgagenews, amortizationperiod, homeownership, housingmarket, canadianrealestate, affordablehousing, financialplanning

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