Login

Builders applaud government move to ease mortgage rules

Raising insured mortgage cap to provide better access to loans, association says
Rising detached home and condo prices in Toronto have led the federal government to raise the threshold for mortgage default insurance. (Getty Images)
Rising detached home and condo prices in Toronto have led the federal government to raise the threshold for mortgage default insurance. (Getty Images)
CoStar News
September 18, 2024 | 12:06 P.M.

Canadian builders are applauding Ottawa's move to raise the dollar limit for government-backed mortgage default insurance by 50%, the first cap adjustment since 2012 as property values rise across the country.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE


News | Builders applaud government move to ease mortgage rules