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NDP leader pitches low-interest mortgage loans for first-time homebuyers

  • On March 30, 2025, during a federal election campaign stop in Port Moody, B.C., NDP Leader Jagmeet Singh announced a plan to offer low-interest, public-backed mortgages to help families afford their first home.
  • Singh's plan aims to change the Canada Mortgage and Housing Corporation's role to better support homebuyers, particularly first-time buyers, who he believes are being priced out of the housing market while wealthy developers receive government loans.
  • The NDP will announce additional measures to boost housing supply in the coming weeks, building on affordability accomplishments such as the dental care plan that has benefited millions of Canadians.
  • Singh stated his plan would "expand CMHC's mandate to serve the people it was originally built to help: working and middle-class families trying to put down roots," and that New Democrats are "fighting for families who just want a fair shot at owning a home."
  • Singh criticized Liberal and Conservative leaders for siding with banks and speculators, while emphasizing the NDP's commitment to ensuring housing works for everyone and offering low-interest loans to keep the dream of homeownership alive, planning to move his campaign to Vancouver Island and then eastward in the coming week.
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Winnipeg Free PressWinnipeg Free Press
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NDP leader pitches low interest mortgage loans for first-time homebuyers

Breaking News, Sports, Manitoba, Canada

·Winnipeg, Canada
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Winnipeg Free Press broke the news in Winnipeg, Canada on Sunday, March 30, 2025.
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