{"id":3868,"date":"2025-01-23T22:03:02","date_gmt":"2025-01-24T03:03:02","guid":{"rendered":"https:\/\/www.karenmillar.com\/blog\/?p=3868"},"modified":"2025-01-23T22:03:04","modified_gmt":"2025-01-24T03:03:04","slug":"new-mortgage-rules-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.karenmillar.com\/blog\/new-mortgage-rules-you-need-to-know\/","title":{"rendered":"New mortgage rules you need to know!"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Import update for home buyers!<\/p>\n\n\n\n

 As of Dec 15, 2024, new down payment rules are here. Don\u2019t stress\u2014we\u2019ve got you covered!<\/p>\n\n\n\n

 Quick Breakdown:<\/p>\n\n\n\n

 Homes $500K or less? Think 5%.<\/p>\n\n\n\n

 Homes $500K-$1.5M? First $500K = 5%, then 10% on the rest.<\/p>\n\n\n\n

 Over $1.5M? It\u2019s a 20% game.<\/p>\n\n\n\n

First-time buyer or aiming for a shiny new build? There are extra perks for you (like 30-year amortization or tapping into RRSP savings)! <\/p>\n\n\n\n

All just a blur and not sure where to start?<\/p>\n\n\n\n

Contact us at 416-390-2566, karen@karenmillar.com or reach out to Sean Humphries, 647-293-3128, to make sense of it all. We\u2019ll help you navigate the numbers and get you into your dream home!<\/p>\n","protected":false},"excerpt":{"rendered":"

Import update for home buyers!  As of Dec 15, 2024, new down payment rules are here. Don\u2019t stress\u2014we\u2019ve got you covered!  Quick Breakdown:  Homes $500K or less? Think 5%.  Homes … [read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1681,1473,1706,5,1626,153],"tags":[325,7,3909,92,3628,672,126,43,3062,6,64,164,140],"class_list":["post-3868","post","type-post","status-publish","format-standard","hentry","category-community","category-don-mills","category-finance","category-open-in-don-mills","category-real-estate","category-support-local","category-toronto","tag-dmri","tag-don-mills","tag-downpayment-rules","tag-east-york","tag-home-buyer","tag-karen-millar","tag-karen-millar-team","tag-leaside","tag-real-estate-tips","tag-toronto","tag-toronto-event","tag-toronto-events","tag-toronto-real-estate"],"_links":{"self":[{"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/posts\/3868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/comments?post=3868"}],"version-history":[{"count":1,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/posts\/3868\/revisions"}],"predecessor-version":[{"id":3870,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/posts\/3868\/revisions\/3870"}],"wp:attachment":[{"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/media?parent=3868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/categories?post=3868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/tags?post=3868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}