• New 90% Mortgage For Owner-Occupied Multiplexes

  • Oct 11 2024
  • Length: 52 mins
  • Podcast

New 90% Mortgage For Owner-Occupied Multiplexes

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  • Summary

  • 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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    Dan

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