Episode 20: Bank of Canada left overnight lending rate unchanged. First Time Homebuyer Incentive Changes

episode

Behind the Scenes EMA Mortgage Podcast not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

Related

recent transcribed audio

“My Wife Is Not Bipolar” Nurse Testifies & All The Signs of Possible Hypomania Discussed in Court 48 min · 20 Sep 2026 · Rotten Mango

Richard Arnold: US Correspondent talks potential escalation from US in the Middle East 5 min · 20 Sep 2026 · The Mike Hosking Breakfast

ON-AIR 🟢 - The Big Dogs Big Announcement 50 min · 20 Sep 2026 · The Morning Rumble

Chris Luxon: Prime Minister talks National's supermarket policy, police targets and the public sector 12 min · 20 Sep 2026 · The Mike Hosking Breakfast

PL Review: Man Utd Struggle & Brighton Sensational 46 min · 20 Sep 2026 · Football Daily

NPR News: 09-20-2026 4PM EDT 4 min · 20 Sep 2026 · NPR News Now

Report any issue

Source

Recorded10 Dec 2020

Publisherfeed.podbean.com ↗

Handlerec:2081939

Show notes

Raymond, Mortgage Agent at EMA Mortgage Team-Mortgage Alliance, talks about the most recent Bank of Canada rate announcement. There are changes proposed for the current First Time Homebuyer Incentive program. This incentive is a Shared Equity program. The Changes relates to the maximum household income allowed to qualify for the program and also the increase to the multiplier for the maximum mortgage amount a first time homebuyer can qualify. (1) Change in Income $120k/yr to max $150k/yr (2) Change in Max Mortgage, multiplier from 4X your household income to 4.5X your household income. This combination will definitely help in the higher home price areas such as the Greater Toronto Area: Oakville, Mississauga, Milton, Brampton, Toronto, Ancaster, Burlington, Georgetown, etc.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Sign in