NEWS UPDATE: Federal Government Raises Insured Mortgage Cap to $1.5M, Expands 30-year Amortizations
The federal government has unveiled sweeping changes to Canada’s mortgage system, calling them the “boldest reforms in decades.” Key measures include raising the insured mortgage limit to $1.5 million, which will expand access for Canadians in high-priced housing markets. That’s an increase from the current insured mortgage cap of $1 million. Additionally, the government said…
