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

Saskatchewan town sees flurry of construction with $30K housing cheque program

January 8, 2025 No Comments

An official with a town in southeastern Saskatchewan says its plan to offer $30,000 cheques to anyone building homes in the community is paying off.

New mortgage rules take effect today; more may be coming on Monday, economist says

December 14, 2024 No Comments

Two sweeping mortgage reforms take effect today, December 15, targeting housing affordability and easing financial pressures—changes that may be followed by more announcements this week.

Canada’s Secondary Suite Loan Program expands to $80,000 loans with 2% over 15 years

December 10, 2024 8 Comments

The federal government today announced a doubling of its Secondary Suite Loan Program, which was originally unveiled in the April 2024 budget.

The GST tax holiday is coming but will the savings actually make a difference?

December 5, 2024 No Comments

While many Canadians highly anticipate the federal government’s upcoming GST holiday, experts say consumers need to make sure they’re saving money on what they need most without falling for the allure of a deal and hurting their bottom line.

Poilievre promises to abolish federal sales tax on new homes under $1 million

October 28, 2024 No Comments

A Conservative government would scrap the federal sales tax on new homes sold for less than $1 million and push provinces to do the same, Pierre Poilievre said Monday.

Pros and cons of the new federal secondary suite programs

October 28, 2024 5 Comments

Comparing two federal programs to help Canadians build rental suites: a $40,000 loan or a mortgage refinance option

Mortgage reforms alone won’t solve housing crisis, says Mortgage Professionals Canada CEO

October 24, 2024 1 Comment

Recent mortgage reforms introduced by the federal government, while a step in the right direction, aren’t enough to fully address Canada’s growing housing affordability crisis, according to Lauren van den Berg, CEO of Mortgage Professionals Canada.

Alberta, Ottawa discuss funding for homelessness, more talks expected in coming days

October 24, 2024 No Comments

The federal housing minister and the Alberta minister in charge of the file have spoken about funding to tackle encampments and homelessness.

Capital gains tax hike could cost 414,000 jobs and slash GDP, economist warns

October 23, 2024 No Comments

Alarming new testimony warns that Canada’s recent increase to the capital gains inclusion rate could lead to the loss of more than 414,000 jobs and a massive $90 billion hit to the country’s economy.

Mortgage industry weighs in on federal secondary suite refinance program

October 16, 2024 1 Comment

Industry professionals express cautious optimism but call for more clarity on the program’s specifics

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