Mortgages

 

Affording a home - to rent, let alone to buy - is slipping out of reach of Canadians across our country.

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• Encourage a new market in seven- to ten-year mortgages to provide stability both for first-time home buyers and lenders
   

• Remove the requirement to conduct a stress test when a homeowner renews a mortgage with another lender instead of only when staying with their current lender, as is the case today
   

• Increase the limit on eligibility for mortgage insurance and index it to home price inflation, allowing those in high-priced real estate markets with less than a 20% down-payment an opportunity at home-ownership
   

• Fix the mortgage stress test to stop discriminating against small business owners, contractors and other non-permanent employees including casual workers
   

• Will never tax Canadians’ capital gains on the sale of their principal residence