HOMERUN or STRIKEOUT?! Canada to Offer 30 YEAR Amortization Mortgages for First Time Homebuyers

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This video features Greg Pierce explaining the federal government's recent announcement to offer a 30 year amortization for first time homebuyers on insured mortgages. There are some important details though that will make you question if this is a homerun or a strikeout? Let me know!

[@nicolerose7639]

Im confused, i got a 30 year mortgage on a used house, 2 years ago... What is new about this?

[@thegregpierce]

Hi Nicole are you living in the US?

[@jiayaw]

30 years for cmhc insured mortgages which before this was limited to 25 years