Government and Regulation

This is where you’ll find the latest on government programs, policies and regulations that impact the mortgage industry.

Singh pledges low-interest, government-backed mortgages for first-time homebuyers

March 31, 2025 No Comments

NDP Leader Jagmeet Singh is proposing a new government-backed mortgage program to help more Canadians get into the housing market—particularly first-time buyers who have been priced out in recent years.

Federal election set for April 28, with economy and housing top of mind

March 23, 2025 No Comments

Campaign begins as Carney and Poilievre square off on affordability, trade and tax policy

Carney pledges to cut GST for first-time buyers of homes under $1M

March 20, 2025 7 Comments

Prime Minister says move will save Canadians up to $50,000 and boost housing supply amid affordability crisis

OSFI warns of mortgage payment shocks as key risk to Canada’s financial system

March 14, 2025 No Comments

Canada’s banking regulator has flagged mortgage payment shocks as a significant risk to the country’s financial stability, citing the large volume of mortgages set for renewal in the coming years.

Liberal leadership hopeful Mark Carney pledges temporary cap on immigration

February 24, 2025 No Comments

Liberal leadership hopeful Mark Carney says he would cap immigration until it returns to sustainable, pre-pandemic trendlines.

OSFI launches public consultation on capital adequacy rules

February 20, 2025 No Comments

Canada’s banking regulator has launched a 60-day public consultation on updates to capital adequacy guidelines, aiming to strengthen the financial stability of Canada’s banks.

Federal government delays capital gains tax increase until 2026

January 31, 2025 No Comments

The federal government announced today it will defer the implementation of its planned increase to the capital gains inclusion rate, pushing back the originally scheduled date from June 25, 2024, to January 1, 2026.

Lenders slow to roll out secondary suit refinancing program

Big banks slow to roll out secondary suite refinancing program despite January 15 launch

January 31, 2025 3 Comments

Canadian Mortgage Trends has learned that only a few major lenders are currently accepting applications for the federal government’s secondary suite refinancing program.

EXCLUSIVE: BMO brings back OSFI’s stress test for uninsured mortgage switches

December 19, 2024 No Comments

The excitement over last month’s removal of the stress test for uninsured mortgage switches may have been short-lived—at least for some bank customers.