Expect federal budget to tackle housing: experts

Canadians can expect to see measures in the upcoming federal budget aimed at boosting housing affordability, CIBC economist Benjamin Tal told the Financial Post. “The government realizes that housing is a major issue and the next elections will be all about housing,” he said.

The federal government says some 5.8 million new homes must be built within the decade, necessitating a doubling of housing starts, according to Kevin Lee, CEO of the Canadian Home Builders’ Association. His organization is calling on the government to aid first-time buyers by bringing back 30-year amortization on insured mortgages.