2024 Budget Results for Housing

It’s all done! The 2024 federal budget has just been unveiled, and it's packed with initiatives aimed at tackling housing affordability and supporting Canadians on their homeownership journey.

Check out the Key Points for housing.

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New 30 Year Mortgage for First-Time Homebuyers

Exciting News from Campbell Mortgages! 🎉 We're thrilled to share a game-changing update in the mortgage landscape: the extension of the 30-Year Amortization for CMHC Mortgages! 📈 What does this mean for you? If you're eyeing a home under $1M, meeting income and debt criteria, with less than a 20% down payment, this could be your ticket to a bigger mortgage and a dream home!

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20% Flipping Tax in BC

🏡 Attention Home Buyers & Investors in B.C. 🚀

Big news! The British Columbia government has just announced a new 20% flipping tax on properties sold within the first year of ownership. Aimed at cooling the speculative frenzy and making homes more accessible for real buyers, this move could be a game-changer for the housing market. 🏠💼

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Economic Update

🏠✨ Exciting News for Future Homeowners! ✨🏠

Amidst evolving economic conditions, there's a silver lining for those dreaming of owning a home! Recent surveys from the Bank of Canada reveal a positive shift in consumer and business sentiments. 📈🍁 While the journey has been challenging with inflation and interest rates, the tide is turning, and more Canadians are considering stepping into homeownership in the next 12 months. 🏡💼

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