The Federal election is underway, and Canadians are once again hearing political promises from candidates. On the housing front, Conservative Leader Andrew Scheer says he will make it cheaper for Canadians to buy homes by allowing first-time home buyers to take out 30-year mortgages to help lower monthly payments.
He also promised to ease what’s known as the stress test on mortgages and remove it altogether from mortgage renewals. “For millions of Canadians their home is the largest investment they will ever make,” Scheer said.
Reference: https://globalnews.ca/news/5939018/andrew-scheer-mortgages-housing
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