I know we just gave you Jake’s take on the current mortgage situation BUT something exciting happened today. Please read Jake’s comments below:
Hello!
Holy Smokes!
You know how we all poo-poo’d the CMHC Shared Equity Program because it only allowed us to go to a limit of $480,000?
Well guess what?
IF the Liberals are elected, they will raise this limit to $789,000 from $480,000 for the “GREATER TORONTO AREA” (and other areas we don’t work in).
#MICDROP
Whoa.
Will update when I see/hear more.
This is GREAT news, for Toronto. It’s realistic, it works for the condo market especially, it’ll help first-time buyers a LOT, and it creates positive spin in the media. I’m all in!
Jake
—
Jake AbramowiczE: Jake@mortgagejake.comC: 416 910 4448
