Federal housing minister Sean Fraser confirmed the government would not immediately enforce the practice, but said the government maintains the authority to “put regulations in place” if the voluntary move isn’t fruitful.

The federal government is calling on banks, credit bureaus, landlords and financial technology firms to include rent payments in credit scores in a bid to help Canadians secure better mortgage rates. But officials say they won’t yet enforce the practice, and one critic expects the move will have little impact on affordability.

In a pair of announcements on Wednesday in advance of April’s budget, federal officials introduced the new clause to their “mortgage charter” — which was first introduced in the fall — as well as other supports for renters.

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