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Mortgage 101 – Canada’s 30-Year Mortgage

What are the implications of the 30-year mortgage? Clinton and Todd sit down this episode and chat a bit more in-depth about what the 30-year mortgage means for first time homebuyers, noting the need for affordable housing options in the region, especially in urban centers like Halifax. Clinton emphasizes the importance of builders offering spec homes to cater to first-time buyers, advocating for standardized, cost-effective builds to reduce market competition and stress for buyers.
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City News Update April 11 – Return of the 30 Year Mortgage for First Time Homebuyers

Clinton Wilkins joins the 'Now You Know' Show with Rob Snow, on City News to chat about a returned opportunity for first-time homebuyers! The Bank of Canada recently announced the return of the 30-year mortgage for new home buyers on new builds. Clinton thinks this is also an opportunity to motivate contractors and developers to get new construction going in the province. The two discuss what that means for amortization, and passing the stress test. Lastly, Clinton holds firm to his optimism about cooling interest rates.
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