Trudeau Hints at Loosening Mortgage Rules in Upcoming Budget to Address Housing Shortage

Trudeau suggested the Canadian government plans to make changes to the mortgage sector in its April 16 budget
Canada currently forbids insured mortgages with amortization periods longer than 25 years
Trudeau is facing pressure over the country's housing shortage and has made several pre-budget announcements about housing
Experts have pushed the government to loosen mortgage rules, especially for younger buyers
The current 25-year limit on insured mortgages has been in place since 2012 and applies when buyers put down less than 20%