Exciting Updates for First-Time Home Buyers: Extended Amortization & Higher RRSP Limits Featured Image

Are you a first-time home buyer dreaming of stepping into your own home? The Canadian government has just rolled out two major updates that could transform your home-buying journey: extended amortization periods for newly built homes and significantly higher RRSP withdrawal limits. These changes aim to make homeownership more attainable and affordable for Canadians starting August 1. Let’s dive into what these updates mean for you and how they can help you secure your dream home.

What's in this Blog?

In this detailed guide, we'll explore:

  • The benefits of the new 30-year amortization periods for insured mortgages.
  • How the increased RRSP withdrawal limits can boost your home-buying budget.
  • Insights from officials on how these…

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