Federal Matters

Federal MPC Advocacy Achievements

Thanks to our ongoing engagement, housing affordability, mortgage accessibility, and homeownership remain central priorities for federal decision-makers.

Together, we have already secured several significant national policy wins:

• Elimination of GST on newly-built homes for first-time buyers under $1 million, with a phased rebate for those purchasing between $1 – 1.5 million.
• Return of 30-year amortization for insured mortgages on newly-built homes for first-time buyers.
• Increase of the insured mortgage cap to $1.5 million.
• Increase of Home Buyers’ Plan RRSP withdrawal limit to $60,000.
• Exemption of the stress test on renewals between federally regulated financial institutions.
• Consultation on a CRA-enabled income verification tool.