New Mortgage Rules 2025

New Mortgage Rules 2025. Canada’s new mortgage and down payment rules come into effect today. Unless a lot of new homes are built to offset the buyers drawn to the market by these new rules, prices will trend upward throughout 2025, as more people line up to buy property at.

Starting january 15, 2025, eligible homeowners can refinance up to 90% of their property’s value, including any increase in value resulting from the addition of a secondary suite. Today, the government is releasing details for lenders and insurers to offer this new insured mortgage refinancing product, effective january 15, 2025.