@danielfoch: Budget 2026 proposes extending the foreign-buyer ban on EXISTING homes to Jan 1, 2029. New homes would be exempt. Legislation and regulations are still required. I missed this in the recording. New triplex/fourplex insured financing: up to 90% of projected completed value, no price cap or owner-occupancy requirement, up to 30-year amortization. Applications start Feb 1, 2027. That is completed value, not your construction bill. Private insurers can cover 5–50 units: 90% LTV/50 years on new construction; 85%/40 years otherwise. Optional mortgage insurance: proposed $1M → $1.5M price cap, with 30-year amortization if one borrower is a first-time buyer or the home is new. No new federal GST rebate extension. Qualifying first-time buyers can already get up to $50K. Original cost: $3.91B through 2029-30, including $950M in 2027-28. No updated annual cost line in this budget. Build Canada Homes: another $13B over 10 years from 2028-29; $45B total capitalization; targets of 200K homes and 24K non-market starts/year; at least 10% of the expanded envelope for Indigenous housing. Federal land infrastructure: $1.5B over four years from 2027-28, plus $387.4M later, for roads, water and wastewater. Homelessness: $11.2B over four years from 2027-28, plus $17.8B later, for supportive housing, integrated supports, Reaching Home, veterans and Canada Housing Benefit renewals. The 10-year goal is not a delivered result. Mortgage process: Bank of Canada insured-rate information, a $13M CRA income-verification pilot and consultation on prepayment penalties. Building: $100M for e-permitting/AI; $300M plus $200M later for modern construction; $67.7M plus $101.2M later for data and standards. The $2B heat-pump rebate was announced Oct 8. Deep Retrofit Accelerator: $107.1M. The rental GST rebate and Apartment Construction Loan Program already exist. Proposed EIFEL expansion for rental developers. Ownership/infill financing is still being explored. 2027–29 immigration targets: 370K temporary and 380K permanent arrivals annually. Targets, not homes built. Deficit: $62.3B. The housing question is whether these measures turn into financed, completed homes.

Daniel Foch

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Region: CA

Friday 06 November 2026 00:27:42 GMT