What raising the insured mortgage cut-off will mean for real estate

A million dollars doesn't get you the home it used to in many parts of Canada and the federal Liberals promised to increase the insured mortgage cut-off to $1.25 million.

We’ve been getting monthly updates from the ground floor from Realosophy Realty’s John Pasalis and Oakwyn Realty’s Steve Saretsky, who help make sense of it all, with advice for anyone buying or selling a home.

Also See: The latest real estate news for housing prices, mortgage rates, markets, luxury properties and more at Yahoo Finance Canada.

Pasalis says it would be like dropping a can of gasoline on an already blazing bonfire.

If you have questions, email them to jessybains@yahoofinance.com and John or Steve will answer them on the next episode.

Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.

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