During a keynote address on affordable housing in Ottawa on Wednesday, Housing Minister Sean Fraser revealed the federal government will release a policy that will aim to achieve three specific goals to combat Canada’s housing crisis: building homes, making them more affordable, and providing support for those who cannot afford a home.
Ottawa is also allowing amortizations on some mortgages to stretch up to 30 years in a bid to make monthly payments more affordable for first-time buyers.
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: