Jordan PressCanadian Press
Finance Minister Chrystia Freeland said the country needs a boost in the supply of housing to help make prices more affordable, but suggests there may be other steps governments can take.
Speaking at a virtual event on Thursday, Freeland said the federal government wants to work with lower levels of government on the issue, saying there is more that cities, provinces and Ottawa can do together.
Freeland didn’t detail what other options could be out there during her hour-long talk with the Greater Vancouver Board of Trade.
Monday’s federal budget promised $2.4 billion over five years, beginning with nearly $1.8 billion this fiscal year, for affordable housing and pledged to tax foreigners who own vacant homes in Canada.
Proposed mortgage rule change likely to sow more anxiety than cool prices Proposed higher stress test most likely to put pressure on the middle of the market, as some buyers are pushed down from higher price ranges
Author of the article: Joel Schlesinger  â¢Â for the Edmonton Journal
Publishing date: Apr 23, 2021  â¢Â 1 hour ago  â¢Â 3 minute read  â¢Â âThe proposed change (to the mortgage stress test) is in response to the growing share of uninsured mortgages,â says Romana King of Zolo.ca. Photo by File /Postmedia
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The 724-page federal budget made vital spending commitments to extend supports to Canadians as the pandemic shock waves continue. It also made critical social safety net improvements, most notably universal child care and increases in old age security and supports for eldercare.
But where is the road map to reduce Canada’s carbon emissions? If we are to have a serious chance of meeting net-zero targets by 2050, Canada must phase out fossil fuel production and use, eliminate fossil fuel subsidies and financing, and end all carbon-emitting activity. This is especially true given that Canada provides more public finance to the fossil fuel sector per capita than any other G20 country.
MONTREAL, April 21, 2021 (GLOBE NEWSWIRE) Laurentian Bank of Canada (TSX: LB) (“
Laurentian Bank”) today announced that it has received approval from Canada Mortgage and Housing Corporation (“
CMHC”) to establish a CAD 2.0 billion legislative covered bond programme (“
Programme”) pursuant to the Canadian Registered Covered Bond Programs Guide, published by CMHC.
Under the Programme, Laurentian Bank may, from time to time, issue covered bonds (“
Covered Bonds”) under such terms and conditions as determined by Laurentian Bank at the time of issuance and in accordance with prevailing market conditions. The Covered Bonds to be issued by Laurentian Bank will have the benefit of an unconditional and irrevocable guarantee from LBC Covered Bond (Legislative) Guarantor Limited Partnership.
Jordan Press
Finance Minister Chrystia Freeland holds a press conference in Ottawa on Tuesday, April 20, 2021. THE CANADIAN PRESS/Sean Kilpatrick April 22, 2021 - 11:56 AM
OTTAWA - Finance Minister Chrystia Freeland says the country needs a boost in the supply of housing to help make prices more affordable, but suggests there may be other steps governments can take.
Speaking at a virtual event on Thursday, Freeland said the federal government wants to work with lower levels of government on the issue, saying there is more that cities, provinces and Ottawa can do together.
Freeland didn t detail what other options could be out there during her hour-long talk with the Greater Vancouver Board of Trade.