government Archives - Mortgage Rates & Mortgage Broker News in Canada

Gregor Robertson, minister of housing and infrastructure and minister

Carney touts housing credentials of Vancouver ex-mayor Robertson as he joins cabinet

May 13, 2025 No Comments

Prime Minister Mark Carney says Gregor Robertson brings “the type of experience” needed to help tackle Canada’s housing crisis after a decade as the mayor of Vancouver – a period that coincided with sharp increases in the city’s home prices.

Minister of Housing, Infrastructure and Communities Sean Fraser

Liberal Housing Minister Sean Fraser says he won’t seek re-election

December 16, 2024 No Comments

Housing Minister Sean Fraser says he will not be running in the next federal election, citing family reasons.

Parliamentary Budget Officer Yves Giroux

Immigration cuts will help housing gap, PBO says, but less than government projects

November 16, 2024 No Comments

The federal government is overestimating the impact its cuts to immigration will have on the country’s housing shortage, the Office of the Parliamentary Budget Officer said in a new report.

Public perceptions of banking regulator influenced mortgage decision: OSFI head

October 3, 2024 1 Comment

The recent decision by Canada’s banking regulator to relax a mortgage stress test rule was shaped in part by concerns about public perception of the agency, said Office of the Superintendent of Financial Institutions head Peter Routledge.

OSFI doubles down on keeping stress test for uninsured mortgage switches

June 13, 2024 1 Comment

The head of Canada’s banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches.

BC tables legislation to introduce anti-flipping tax

B.C. government targets ‘profiteers’ with legislation to bring in 20% flipping tax

April 4, 2024 2 Comments

British Columbia has tabled legislation to enact a 20 per cent flipping tax on those who sell their home within the first year of ownership.

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.

Are Ontario’s 2024 budget housing policies enough to address the supply crisis?

March 26, 2024 No Comments

As part of its $214.5 billion 2024 budget unveiled today, the Government of Ontario rolled out several housing initiatives aimed at increasing supply and facilitating the development of purpose-built rentals.

The chief economist of the British Columbia Real Estate Association says the incoming tax on flipping houses may not generate as much revenue as the government expects and could only impact a small number of properties. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward The chief economist of the British Columbia Real Estate Association says the incoming tax on flipping houses may not generate as much revenue as the government expects and could only impact a small number of properties. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

Real estate association economist doubts B.C.’s flipping tax is worth the trouble

February 26, 2024 No Comments

The chief economist of the British Columbia Real Estate Association says the incoming provincial flipping tax could end up reducing the overall number of homes on the market while only applying to a small number of properties.

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