What is a halal mortgage? How interest-free home financing works in Canada


by Global News

Global News— 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.'

swifttelecast—Halal mortgage vs interest rates, housing accessibility. rewrite this content and keep HTML tags The 2024 federal budget announced on April 16 included plans to introduce “halal mortgages” as a way to increase access to home

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CP24—Bank of Canada governor says limit to how much interest rates can diverge in Canada and U.S.. OTTAWA - Canadian interest rates don't have to match U.S. or global rates, Bank of Canada governor Tiff Macklem says, but they need to stay within a certain ballpark. Macklem made the comments while testifying before the House of Commons finance committee alongside senior deputy governor Carolyn Rogers on Thursday. “Our interest rates in Canada don't need to be the same as the U.S. rate or global rates. But there is a limit to how far they can diverge,” Macklem said. “We're not close to...