federal government Archives - Mortgage Rates & Mortgage Broker News in Canada

Federal government releases technical details of its latest mortgage changes

September 24, 2024 2 Comments

As a follow-up to last week’s announcement, the federal government has unveiled a more detailed framework for its updated mortgage rules, which are set to take effect on December 15, 2024.

Chrystia Freeland announces etension to foreign buyer ban

Federal government raises insured mortgage cap to $1.5M, expands 30-year amortizations

September 16, 2024 1 Comment

The federal government has unveiled sweeping changes to Canada’s mortgage system, calling them the “boldest reforms in decades.”

Feds identify 56 government properties for conversion to affordable housing

August 26, 2024 No Comments

The federal government has added 56 properties to a new public lands bank of locations that are suitable for long-term leases so developers can build housing, a move the Housing Minister says will help boost the supply of homes Canadians can afford.

Budget 2024 housing highlights: capital gains inclusion rate on secondary homes rises to 66.7%

April 16, 2024 No Comments

Housing was a key priority in today’s federal budget, though it came as no surprise given the array of housing-related policy announcements unveiled in recent weeks.

Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud

April 12, 2024 8 Comments

The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency.

Ottawa to allow 30-year amortization for first-time buyers’ mortgages on new homes

April 11, 2024 2 Comments

Advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers.

Brokers react to the government’s “nonsense” mortgage charter

November 29, 2023 2 Comments

The Liberal government last week unveiled a “new” Canadian Mortgage Charter aimed at ensuring lenders offer relief to mortgage borrowers who are struggling to make their payments.

Chrystia Freeland - Fall Economic Statement 2023

Overview of housing initiatives in the government’s Fall Economic Statement

November 21, 2023 No Comments

From a crackdown to short-term rentals to new housing supply incentives, the federal government made housing a key pillar of its Fall Economic Statement released today.

federal government