Canada Extends Mortgage Repayment for First-Time Home Buyers

15 Apr 2024 CW Team

Canada has announced a policy change allowing certain first-time home buyers to extend their mortgage repayment period to 30 years. This initiative aims to ease financial burdens on new homeowners and enhance accessibility to the housing market amidst rising property prices.

The extension of mortgage repayment terms reflects Canada's commitment to addressing affordability challenges in the housing market and supporting aspiring homeowners. By offering longer repayment periods, the government seeks to reduce monthly mortgage payments and improve affordability for first-time buyers.

The policy change is expected to benefit individuals entering the housing market for the first time, providing them with greater flexibility and financial stability. Extending mortgage terms to 30 years can help alleviate pressure on household budgets and make homeownership more attainable for a broader segment of the population.

Canada's decision to extend mortgage repayment for first-time home buyers aligns with global trends aimed at promoting housing affordability and homeownership opportunities. By adapting mortgage regulations to meet evolving needs, Canada aims to foster a more inclusive and sustainable housing market.

Aspiring homeowners in Canada can look forward to greater flexibility in mortgage repayment, thanks to the government's proactive measures to support first-time buyers. The extension of mortgage terms represents a positive step towards achieving housing affordability and ensuring broader access to homeownership for Canadians.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..