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Deputy Prime Minister and Finance Minister Chrystia Freeland on Tuesday tabled the government’s fall economic statement, which introduces a Canadian Mortgage Charter and other measures meant to make life more affordable for Canadians.
Freeland said the charter would set expectations for how lenders interact with homeowners throughout the mortgage process and give homeowners the “support they need to afford their mortgages and keep their homes when renewing at a time of higher interest rates.”
Freeland also said the fall budget would “unlock billions of dollars” in financing to support the construction of new homes across Canada. She listed a suite of measures intended to facilitate the building of new housing, including cutting red tape preventing construction workers from moving between provinces and cracking down on short-term rentals.
Among other measures meant to help Canadians as they continue to deal with inflation and rising interest rates, Freeland said the government was introducing “generational changes” to Canada’s competition law, including cracking down on predatory pricing.
In his response to the fall fiscal outlook in the House of Commons, Conservative Leader Pierre Poilievre said his party would vote “non-confidence,” calling the fiscal plan a “disgusting scheme” that would raise prices, raise taxes and increase the debt.
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Freeland said the charter would set expectations for how lenders interact with homeowners throughout the mortgage process and give homeowners the “support they need to afford their mortgages and keep their homes when renewing at a time of higher interest rates.”
Freeland also said the fall budget would “unlock billions of dollars” in financing to support the construction of new homes across Canada. She listed a suite of measures intended to facilitate the building of new housing, including cutting red tape preventing construction workers from moving between provinces and cracking down on short-term rentals.
Among other measures meant to help Canadians as they continue to deal with inflation and rising interest rates, Freeland said the government was introducing “generational changes” to Canada’s competition law, including cracking down on predatory pricing.
In his response to the fall fiscal outlook in the House of Commons, Conservative Leader Pierre Poilievre said his party would vote “non-confidence,” calling the fiscal plan a “disgusting scheme” that would raise prices, raise taxes and increase the debt.
For more info, please go to https://globalnews.ca/news/10099523/liberals-fall-economic-statement-2023-affordability/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #Canada #Cdnpoli #Economy
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