The federal budget mentions the creation of halal mortgages as a means to ‘enable Muslim Canadians, and other diverse communities, to further participate in the housing market’.
The 2024 federal budget says the Liberal government plans to introduce “halal mortgages” as a way to increase access to home ownership.
The plan mentions the creation of “alternative financing products, including halal mortgages” as a means to “enable Muslim Canadians, and other diverse communities, to further participate in the housing market.”
Ottawa is “exploring” measures that could change “the tax treatment of these products” or provide a “new regulatory sandbox for financial service providers,” it says.