๐Ontario Premier Doug Ford aims to build 1.5 million new homes by 2031, but a planned ban on Notices of Security Interest (NOSIs) may inadvertently drive up new home prices. NOSIs, a financing tool used in one in 14 households, allow builders to lease equipment like furnaces or solar panels. The ban could increase home prices and negatively impact homeowners' finances, as well as their credit scores. While the government seeks to address misuse of NOSIs, an outright ban might be counterproductive. Industry players propose alternatives such as better enforcement, fair buyout rates, and improved industry standards.โ
.
๐๐ง๐ฅ๐จ๐๐ค ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐๐๐ฆ ๐ก๐จ๐ฆ๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ง๐จ๐ฃ ๐๐๐ซ๐๐ญ๐ก๐, ๐๐ง ๐๐ฐ๐๐ซ๐-๐ฐ๐ข๐ง๐ง๐ข๐ง๐ ๐๐๐๐ฅ๐ญ๐จ๐ซ ๐ข๐ง ๐๐ง๐ญ๐๐ซ๐ข๐จ.
๐๐๐ฅ๐ฅ: +๐ (๐๐๐) ๐๐๐-๐๐๐๐
๐๐ฆ๐๐ข๐ฅ: ๐ฆ๐๐ง๐จ๐ฃ@๐ญ๐ก๐๐๐๐ง๐๐๐ข๐๐ง๐ก๐จ๐ฆ๐.๐๐จ๐ฆ
@manojkaratha_realtor
.
.
#Ontario #HomeFinancing #NewHomes #Affordability #NOSI #HousingCrisis #DougFord #mnm #malayalisnearmeapp #canadaupdate #canadanews
493 Views