Ottawa raises insured mortgage cap, expands eligibility for 30-year amortizations

By Karunjit Singh ( September 16, 2024, 3:37 PM EDT) -- The federal government has announced an increase in the home price cap for insured mortgages to $1.5 million and an expansion of eligibility for 30-year mortgage amortizations to include first-time homebuyers and all buyers of new builds....