Trudeau Says News on Mortgages Is Coming in Federal Budget

Prime Minister Justin Trudeau suggested the Canadian government plans to make changes that will affect the mortgage sector in its April 16 budget.

Canada forbids homebuyers from taking out insured mortgages with amortization periods of longer than 25 years. At a news conference Friday, Trudeau was asked whether his government would extend the limit to 30 years or more — a measure that would ease monthly payments and help some buyers who are currently shut out of the market.