Canada budget 2024: Housing strategy could inflict short-term pain, say industry watchers

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 31 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 63%

Federal Budget News

Jason Mercer,Canadian Home Builders’ Association,Amortization

Federal budget proposes increasing RRSP withdrawal limit for first-home buyers and extending mortgage amortization

industries, but some are questioning whether the efforts might make the country’s affordability issues worse in the short term.

In January, Lee publicly advocated for the federal government to consider a series of recommendations.While changes to the stress test policy, which mandates borrowers to qualify for a mortgage at a rate two per cent higher than the offered contract rate, were not included in this year’s budget, Lee lauded the amortization change.

Julia Fox has been accused of wearing the trauma of female genital mutilation survivors in her provocative outfit that shows a sewn-up vagina.Loblaws Canada groceries: Shoppers slam store for green onions with roots chopped off — 'I wouldn't buy those'

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines