But withdrawing the mortgage stress test not seen as likely
OTTAWA — The Trudeau government will take steps in Tuesday’s federal budget to make home-buying more affordable with changes affecting supply, demand and regulation, The Canadian Press has learned.
Morneau has heard housing-policy recommendations from numerous sources, including academic, real estate and mortgage experts, on how best to help more people buy homes. The federal changes, combined with provincial and municipal guidelines, were brought in to improve the quality of mortgage debt and to lower risks to the broader economy.
Kershaw is the founder of Generation Squeeze, a group dedicated to informing policy decisions about the socioeconomic challenges of younger Canadians.“We’ve tolerated — not only that, we’ve celebrated — home prices rising a lot over the last decade,” Kershaw said. Morneau recently vowed to do more to enforce laws in another area that’s been directly connected to housing: money laundering.
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