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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NDP Leader Jagmeet Singh pitches government-backed mortgages to B.C. voters, downplays polls
The leader of the federal New Democrats made several campaign stops in Metro Vancouver on Sunday as he tried to promote the idea of government-backed mortgages, but kept facing questions about sagging polling numbers.
·Canada
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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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