Budget 2026 housing promise hinges on municipal coordination
Fettig welcomed the direction while cautioning against optimism outpacing execution.
“There’s promise here, especially for smaller developers who have struggled to access capital,” he told Canadian Mortgage Professional.
“But beyond financing, municipal approvals, zoning restrictions, and the availability of construction funding are all crucial to help move things forward. The government needs to make sure these policies work together to help revitalize a struggling real estate market.”
Missing middle financing needs zoning to follow
The 90% loan-to-value threshold for small multi-unit homes — the triplexes, fourplexes, and low-rise rentals that form the backbone of “missing middle” housing — opens financing options that have long been beyond reach for smaller builders in markets where municipal approval delays stretch two to three years or more.
“For smaller builders, access to construction loans of up to 90 per cent of projected completion value, without property value caps, could make more triplexes, fourplexes and low-rise rental projects viable,” Fettig noted.
