Quote:
Originally Posted by Winsor_Pilates
Correct
It will have the biggest effect on first time buyers who are largely not putting down 20% and will now have to expect higher payments and lower approval ranges.
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But if it is going to have one effect it won't just stop with first time buyers. It'll trickle through the whole market. Those first time buyers are buying houses off the want to be second home buyers/upgraders.