In today's episode, Adrian Trott and Ariel Kormendy discuss the recent announcement from the Canadian government allowing a 30-year amortization period for mortgages on new homes for first-time buyers. Join us in Episode 285 as we find out what this means for potential homeowners and the Canadian housing market! ************************ 0:15 – Intro 1:18 – Mortgage amortizations on new homes increased by up to 30 years 5:32 – This new implementation will help people buy into the market 11:13 – Why it may be a good idea to stop buying homes 14:48 – People should look into older lots with a smaller house 16:47 – There are a lot of poorly priced homes right now 18:26 – Outro/recap ************************ Want more real estate podcast discussions? Watch it here: youtu.be/uLhNb8fdHt4 Listen to it here: http://www.soundcloud.com/ktrealty Catch clips and highlights of the show here: http://www.instagram.com/kormendytrott ************************ Our Social: Instagram: www.instagram.com/kormendytrott
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TikTok: www.tiktok.com/@kormendytrott?lang=en ************************ In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey. Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area. We’d appreciate it if you’d subscribe and follow us for behind-the-scenes footage, real estate tips, industry secrets, exclusive listings, KT Confidential - the real estate podcast, and more!