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, 2019Share
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.