the rennie brief - Federal Budget Housing Highlights

The recent Federal Budget established three housing-related goals: to make home ownership more affordable for first-time buyers; to boost housing supply; and to increase fairness & transparency in the sector.

On the affordability side, a First-Time Home Buyer Incentive Program will allow eligible first-time buyers who have their down payment for insured mortgages to finance a portion of their purchase through a shared equity mortgage with Canada Mortgage and Housing Corporation (CMHC).

While this program would help reduce mortgage payments for eligible first-time buyers, in the short-term the impact could be to push up prices if no additional supply is added to balance new homeowners who otherwise may not have purchased.

On the supply side, funding to the Rental Construction Financing Initiative was increased to $10 billion to help build 42,500 new affordable rental units. A Housing Supply Challenge was also issued to encourage initiatives that remove barriers to the creation of new housing, as well the establishment of an Expert Panel on the Future of Housing Supply and Affordability to identify approaches to adding new housing supply. 

Learn more about key Federal Budget elements for housing in the rennie brief

Our rennie intelligence division empowers individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.

Get the data

Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.

Swelling supply and declining demand have conspired to create more moderate conditions in the housing market of the Vancouver Region—so much so, in fact, that for the first time in two years the detached home segment shifted into balanced territory.The rennie review is a monthly publication, which …


A monthly report providing insights into sales, listings, and pricing trends throughout the Vancouver Region's housing resale market.


Sales, inventory, and prices in the Vancouver Region all increased in February.