government of canada Archives - Mortgage Rates & Mortgage Broker News in Canada

Government secondary suites refinancing announcement

Feds launch mortgage refinancing program to boost secondary suites and ease housing crunch

October 8, 2024 28 Comments

The federal government is rolling out another set of mortgage changes aimed at addressing the housing shortage, this time focusing on supporting the construction of secondary suites.

Labour shortage in construction among obstacles facing Ottawa’s housing plan: report

September 10, 2024 1 Comment

A new report by Desjardins warns Ottawa’s efforts to kickstart new housing supply likely won’t be enough to meet “optimistic” targets due to regulatory hurdles and constraints on labour, materials and financing.

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.

Cautious optimism for federal plan to let rent count toward credit scores

March 31, 2024 No Comments

The federal government’s commitment to have rent payments counted toward credit scores is being welcomed by companies that already offer the service, while renter advocates have raised concerns.

Chrystia Freeland announces etension to foreign buyer ban

Federal government extends foreign buyer ban until 2027

February 4, 2024 No Comments

The federal government today announced a two-year extension to its foreign buyer ban in what it says is an effort to make housing more affordable for Canadians.

Scotiabank report on government spending impact on monetary policy

Interest rates are higher than they should be due to government spending: Scotiabank

November 19, 2023 1 Comment

Canadian interest rate are about 200 basis points higher than it otherwise would be due to government spending at all levels, including billions spent on pandemic relief.

Latest in mortgage news: Mortgage rates keep surging higher

September 28, 2023 No Comments

Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise.

EXCLUSIVE: CMHC to introduce limits on First-Time Home Buyer Incentive amid falling home prices (updated)

May 27, 2022 2 Comments

Now that home prices have started to fall from their February peak, the federal government is reportedly planning to introduce limits on its First-Time Home Buyer Incentive program to cover its downside risk.

Reaction to the 2022 Budget Housing Initiatives

April 7, 2022 No Comments

Heading into Thursday’s federal budget, it was no secret that measures aimed at addressing housing affordability would figure prominently.

Manhattanization of Canadian urban centres

Get Used to the “Manhattanization” of our Urban Centres, OSFI Chief Says

February 4, 2022 No Comments

Younger Canadians wanting to live in Canada’s urban centres are going to have to get used to settling for smaller living spaces.

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