In my recent Global News segment, I discussed exciting updates that could make a big difference for homebuyers and those with upcoming mortgage renewals.
Here are some key takeaways to share with you and your loved ones:

Insured Change Cap: This isn’t just for First Time Buyers—it benefits right-sizers who could be moving up the property ladder.
Those with insured mortgages coming up for renewal, as they are no longer subject to a stress test.
Lower Down payment Requirement: If you’re on a savings plan, this could help you reach your homeownership goals faster. Combine it with the First Time Home Savers Account (available until 2028) for extra support.
RRSP Withdrawal Limit Increase: Take advantage of the higher limit moved up to $60,000.00 from the previous $35,000.00 to plan for your down payment .

Click here to watch the approx 4-minute segment

Here’s a link with the full breakdown and the government announcement.

If you or someone you know could benefit from setting up a tax-efficient savings plan, getting pre-approved for a purchase, or reviewing a mortgage renewal, reach out to us for expert guidance! Via email angela@countoncalla.ca or 604-802-3983

Angela Calla is an 19-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code“, Angela educates prospective home buyers by providing vital information on mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.

Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at hello@countoncalla.ca or at 604-802-3983.

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