Government and Regulation

This is where you’ll find the latest on government programs, policies and regulations that impact the mortgage industry.

Houses for sale in a new subdivision in Airdrie, Alta.

Ottawa’s GST rebate on new homes would save typical first-time buyer $27K: PBO

June 11, 2025 No Comments

An eligible first-time homebuyer could save an average of $26,832 in sales tax on the price of a newly built home under Ottawa’s latest housing proposal, the parliamentary budget officer said in a new report on Wednesday.

Ottawa's plan to waive the sales tax on new builds

GST relief on new homes could save 1st-time buyers up to $240 on mortgages: report

June 9, 2025 2 Comments

The Liberal plan to give first-time homebuyers a tax break on a newly built home could have substantial impacts on housing affordability — with a few caveats — a new analysis finds.

OSFI removes mortgage stress test on switches

OSFI eyes loan-to-income rules to replace stress test as industry weighs implications

June 7, 2025 3 Comments

Canada’s banking regulator is weighing a major overhaul to how borrowers qualify for mortgages, one that could have significant implications for banks, brokers and homebuyers alike.

Gregor Robertson, minister of housing and infrastructure and minister

New housing minister says he’ll ‘leverage’ past as Vancouver mayor in role

May 14, 2025 No Comments

Canada’s new housing minister says he didn’t have the tools he needed to address housing affordability issues when he was mayor of Vancouver — the country’s most expensive housing market.

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.

Key portfolios for business community to watch as Carney’s cabinet sworn in

May 13, 2025 No Comments

Canada’s business community will be monitoring files across various portfolios after Tuesday’s swearing-in of Prime Minister Mark Carney’s new cabinet.

Mark Carney says he has priorities for his new government — here are 5 of them

May 5, 2025 3 Comments

Prime Minister Mark Carney laid out his priorities at his first post-election press conference on Friday, four days after his party won a minority mandate in the April 28 election.

Liberal election win: What it means for Canada’s policies and economy

April 29, 2025 No Comments

The Liberals, under the new leadership of Mark Carney, have secured a fourth consecutive term in office following Monday’s federal election, forming another minority government.

Singh pledges low-interest, government-backed mortgages for first-time homebuyers

March 31, 2025 No Comments

NDP Leader Jagmeet Singh is proposing a new government-backed mortgage program to help more Canadians get into the housing market—particularly first-time buyers who have been priced out in recent years.

Federal election set for April 28, with economy and housing top of mind

March 23, 2025 No Comments

Campaign begins as Carney and Poilievre square off on affordability, trade and tax policy

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