Helping Canadians get an affordable mortgage

$13M net impact on the budgetary balance over five years, 2026-27 to 2030-31.

The cost line

… no change to existing funding or no fiscal implication · – a further extension will be considered later · 0* less than $0.5 million. Positive numbers cost the budget (spending or forgone revenue); negative numbers improve it.

What the budget says

“Budget 2026 proposes several measures to make this process easier and more transparent, while giving Canadians greater choice and flexibility when shopping for a mortgage: Budget 2026 proposes to establish new regulations to enhance publicly available information on insured mortgage rates, to be published by the Bank of Canada.”

Budget 2026, p. 207 (PDF p. 221)

“Budget 2026 proposes to amend the Canada Revenue Agency Act to provide the Canada Revenue Agency (CRA) with the authority to enter into agreements with mortgage lenders and mortgage insurers to provide an income verification service.”

Budget 2026, p. 208 (PDF p. 222)

“Budget 2026 proposes to provide $13 million to the CRA over three years, starting in 2027-28, to develop and pilot the service.”

Budget 2026, p. 208 (PDF p. 222)

“Budget 2026 proposes to amend mortgage insurance rules to raise the home price limit for optional mortgage insurance from $1 million to $1.5 million and permit 30-year amortisations for these insured mortgages, provided that at least one borrower is a first-time home buyer or the home is newly built.”

Budget 2026, p. 208 (PDF p. 222)

Amounts named in the text

Stated amounts can cover different periods, cash or accrual bases, previously announced money and loans. They are not additive with the cost line above.

• $13 million
• $1 million
• $1.5 million

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