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larger mortgagesGlobal News
•80% Informative
TD Bank economist Rishi Sondhi says Ottawa 's proposed mortgage changes are a double-edged sword.
He says the proposed changes may boost affordability for first -time homebuyers, but could also stoke vulnerabilities in the Canadian economy.
The Liberal government plans to expand the availability of 30-year amortizations to all first time buyers and on all new builds, as well as to raise the price cap for insured mortgages to $1.5 million , up from $1 million today .
VR Score
84
Informative language
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Neutral language
88
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Language
English
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52
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Time-value
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