New Mortgage Relief for First-Time Buyers in Canada

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


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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.

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