federal government

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 7 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.

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