I believe the member refers to budget 2024. In some cases, first-time homebuyers will be able to take 30-year mortgages out if the mortgage is insured. Net-net, that will increase the buying power of homebuyers. It's a very limited increase. It's first-time homebuyers. If your mortgage amortization period goes up from 25 to 30 years, your monthly payment goes down, so you can afford more house.
