Federal government to begin exploring ‘halal mortgages’
- The federal budget mentions the creation of halal mortgages to help Muslim Canadians and diverse communities in the housing market.
- The Canadian government is consulting with financial service providers and communities to improve federal policies for aspiring homeowners, focusing on the Muslim community.
- Options like tax changes and regulatory sandboxes are being explored to expand financing choices, including halal mortgages, with consumer protections addressed in Budget 2024.
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