Canadians work hard to be able to afford a home. However, the high cost of mortgage payments is a barrier to homeownership, especially for Millennials and Gen Z. To help more Canadians, particularly younger generations, buy a first home, on September 16, 2024, the federal government announced the boldest mortgage reforms in decades.
The Deputy Prime Minister and Minister of Finance will provide an update on the government’s economic plan. She will be joined by the Minister of Public Services and Procurement, Jean-Yves Duclos, and the Minister of Housing, Infrastructure and Communities, Sean Fraser.
Welcome to the first economic press conference of the season. I will speak about the Canadian economy and the new mortgage rules. Minister Virani will talk about the new framework to protect renters and home buyers. Finally, Minister Boissonnault will speak about what these new mortgage rules will mean for young workers and for families across Canada.
The federal government has the most ambitious housing plan in Canadian history—including building 4 million new homes—to make housing more affordable for Canadians. This plan will build a Canada that is fairer for every generation of Canadians, where they can get ahead, where their hard work pays off, and where they can buy a home.
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today announced a suite of reforms to mortgage rules to make mortgages more affordable for Canadians and put homeownership within reach:
Canada is today launching a second 30-day consultation, from September 10, 2024, to October 10, 2024, on potential surtaxes in response to unfair Chinese trade practices.
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today announced the federal government is delivering $7.3 billion in grants and interest-free loans to students this academic year. The federal government’s record-high support for students is made possible by measures announced in Budget 2024:
I am delighted to be at Evergreen Brick Works today. And I am really glad to be here with my friend and neighbour MP Julie Dabrusin, and glad to be here with Lois Lindsay (the Chief Program Officer at Evergreen Brick Works) and Jennifer Angel (CEO of Evergreen Brick Works).
Ms. Elizabeth Whitsitt is an Associate Professor with the Faculty of Law at the University of Calgary. Her research is focused on the intersection of trade law and investment arbitration, with a specialization on the role that adjudicators play between international trade and international investment law regimes.
