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What The New Mortgage Rules Mean for Investors

Published 2024-10-11, 08:04 a/m

There are been some very big announcements recently in the mortgage space for adding units, we go through them and tell you everything you need to know....so far

  • Canada's new refinancing rules allow up to 90% LTV for adding secondary suites.

  • Impact on Homeownership: Changes enable creative financing for "house hackers" to add units and leverage equity.

  • Concerns and Criticisms: Discusses risks of mortgage fraud, capital gains tax, and effects on property values and debt.

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