government programs 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.

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

December 10, 2024 15 Comments

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

Pros and cons of the new federal secondary suite programs

October 28, 2024 9 Comments

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

Mortgage industry weighs in on federal secondary suite refinance program

October 16, 2024 3 Comments

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

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.

CMHC discontinues First-Time Home Buyer Incentive

CMHC to scrap First-Time Home Buyer Incentive and refocus funding on other tools

March 1, 2024 No Comments

The government has announced it will be discontinuing its First-Time Home Buyer Incentive (FTHBI) program later this month.

New First Home Savings Account launches April 1, but won’t be available until later this year

March 31, 2023 No Comments

Prospective homebuyers wanting to take advantage of the federal government’s new Tax-Free Savings Account will have to wait longer, despite the program’s official launch date of April 1.

government programs