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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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City News Update March 22 – New mortgage regulations in Canada

Clinton Wilkins joins Rob Snow on City News to discuss a significant change in mortgage regulations taken by the Office of the Superintendent of Financial Institutions, OFSI. The change impacts borrowing limits and the amount lenders can give out based on annual income. They dive into the implications of what Clinton calls the stress test 2.0, and highlight some predictions made by economists of the softening of rates soon.
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