The Motria Group's Market Blog: We are all wondering how new government incentives for first-time buyers are going to affect the market.

Monday Mar 25th, 2019

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We are all wondering how new government incentives for first time buyers are going to affect the market. There are many restrictions on the government loaning money through CMHC including a limit on the price of the property. As this price is quite low around $480,000 - it will not really affect the core of the city. Hence we believe that the impact will be negligible. The government is also thinking about extra taxing on properties over $3 million. As this market is already a bit soft we may see it getting softer. We are waiting for sunshine and warm weather to spur the spring market. 


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