Yan Deng

Global

Budget 2026 Doubles CDIC Coverage to $250K: What Vancouver Home Sellers and Buyers Need to Know About Their Down Payment Cash

The 2026 federal budget proposes raising CDIC deposit insurance from $100,000 to $250,000 for the first time since 2005, while adding temporary high-balance coverage for home sales and removing caps on registered accounts. For Greater Vancouver buyers and sellers moving large sums between transactions, the change directly affects how safely cash can sit in the bank during the bridge period.