Wed, Jul 15, 2026
Wed, Jul 15, 2026
BUDGET 2023: Low-income mortgage ceiling moves to $20M
Construction in Amelia's Ward under the supervision of the Ministry of Housing and Water-Central Housing & Planning Authority (Photo: August 25, 2021)
Finance Minister Dr. Ashni Singh on Monday announced that the low-income mortgage ceiling will increase to $20 million.
As he presented the 2023 National Budget, Dr. Singh explained that this budgetary measure will reduce the cost of borrowing from the commercial banks and ultimately, encourage more people to invest in home ownership.
The mortgage ceiling, before this increase, stands at $15 million.
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