In this video, mortgage broker Nolan Matthias critiques recent changes to Canadian mortgage rules introduced by Justin Trudeau's government. These reforms include extending amortization periods to 30 years for first-time buyers and raising the cap on CMHC-insured mortgages to $1.5 million. While the changes aim to make housing more accessible, Matthias argues they will instead inflate home prices, increase debt burdens, and disrupt the natural balance of the housing market. He explains how these policies could ultimately harm younger buyers and the broader economy by creating an artificially high floor for housing costs.
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