Comments on: Federal government releases technical details of its latest mortgage changes https://www.canadianmortgagetrends.com/2024/09/federal-government-releases-technical-details-of-its-latest-mortgage-changes/ News on Canadian mortgages, mortgage brokers, and mortgage rates. Wed, 25 Sep 2024 14:06:40 +0000 hourly 1 https://wordpress.org/?v=6.7.2 By: Warren Wiberg https://www.canadianmortgagetrends.com/2024/09/federal-government-releases-technical-details-of-its-latest-mortgage-changes/#comment-56185 Wed, 25 Sep 2024 14:06:40 +0000 https://www.canadianmortgagetrends.com/?p=54491#comment-56185 In reply to Reed.

I agree.
This ridiculous program is lip service so Freeland, Turdeau and the failed Libtards can APPEAR to have made an effort.
Home ownership is still unattainable for 99.9% of Canadians.
You can’t build wealth in Canada.
In this HELLISH fiscal reality that Trudeau’s Liberals have created,….nobody has a massive $125k down-payment or makes $303k a year , and to celebrate 30 yr ammortizations as a breakthrough is laughable.
CANADA IS BROKEN,
TRUDEAU IS CANCER.
FREELAND IS CANCER.
LIBERALS ARE CANCER.

]]> By: Reed https://www.canadianmortgagetrends.com/2024/09/federal-government-releases-technical-details-of-its-latest-mortgage-changes/#comment-56183 Tue, 24 Sep 2024 16:16:23 +0000 https://www.canadianmortgagetrends.com/?p=54491#comment-56183 Buying a property at 1.5m with 125k down requires a household income of $303,000 to qualify.

How many households with only 125k saved also have a household income of $303,000, and don’t already own a property they will trade up.

This is a program that will have very few takers.

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