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.
On June 11th, 2024. See this statement in context.