Proposed 'Halal Mortgages' in Canada Would Benefit Only Muslims?

Snopes— While the Canadian government is exploring new forms of federal financing to increase home ownership, halal mortgages have not been legislated.

Shafaqna English—Halal mortgages in Canada budget about ‘being equal’ for Muslims, providers say. Shafaqna English- Canada budget references to mortgage products aimed at Canadian Muslims have members of the community celebrating, along with the mortgage providers that look to serve them, despite a lack of detail from the government on what is to come. In Tuesday’s budget documents, the federal government indicated that

Global News—What is a halal mortgage? How interest-free home financing works in Canada. As part of the 2024 federal budget released last week, Ottawa said it is 'exploring new measures to expand access to alternative financing products, like halal mortgages.'

KTVZ—How much income do homebuyers need to afford a mortgage in Canada?. Money.ca walks Canadian homebuyers through the steps it takes to attain an affordable mortgage.