Mortgage Rules are Changing Today

Andy Schildhorn • February 15, 2016

Today is the first day you’ll need to put at least 10 percent down on a home selling for more than $500,000 Canada. The new mortgage rules, announced last December by Finance Minister Bill Morneau, are intended to keep housing prices affordable for anyone wishing to enter some of Canada’s hottest real estate markets, such as Toronto and […] The post Mortgage Rules are Changing Today appeared first on Andy Schildhorn, PREC.

Today is the first day you’ll need to put at least 10 percent down on a home selling for more than $500,000 Canada.

The new mortgage rules, announced last December by Finance Minister Bill Morneau, are intended to keep housing prices affordable for anyone wishing to enter some of Canada’s hottest real estate markets, such as Toronto and Vancouver.

 

Andy Talks Real Estate – August 2025

By Andy Schildhorn • September 15, 2025
In this video, I break down the latest stats for detached homes, townhomes, and condos, and share what's ahead for the fall market. Find out where the best opportunities are right now, especially for first-time buyers! Market Highlights: Sales down 36% from 10-year average Detached homes showing the sharpest price declines Townhomes holding relatively steady Condos offering big opportunities for first-time buyers Important Links: Book a call to discuss your real estate goals: https://rly.forsale/Chat-with-Andy Want the full detailed stats report? Video Chapters: 0:00 Welcome & August Market Summary 1:15 Key Fraser Valley Real Estate Stats 3:05 Months of Inventory Breakdown 4:05 Fraser Valley Home Price Index 4:56 Langley Market & Condos for First-Time Buyers 6:44 Open Houses & Featured Properties 9:32 Community Events (Willoughby Days & Cruise-In) 11:59 Fall Market Outlook My Website: www.AndytheRealtor.com Contact Me: 778.835.8957 [email protected]

Weekend Open Houses: Grab a Coffee & Take a Tour

By Andy Schildhorn • September 12, 2025
Looking for your next move? Swing by our weekend open houses in Fort Langley and Willoughby. Bring your coffee, explore the neighbourhoods, and picture yourself at home. 👉 View More Details

Sometimes we need to smile

By Andy Schildhorn • September 11, 2025
Martini Masserati: the only dog who can outpace a Maserati and outcharm a martini and he's available for adoption right now . Adopt Today!
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