Home National PARTY POSITION ON HOUSING MARKET

PARTY POSITION ON HOUSING MARKET

1 min read
0
0
601

Canadians want to own homes, but the lack of supply is causing a crisis with more buyers chasing fewer and fewer homes. Creating more supply is essential in addressing the affordability crisis:
• Liberals: Building, preserving, or repairing 1.4 million homes over four years; converting empty office spaces into housing with $300 million in new funding; creating the Multigenerational Home Renovation Tax Credit to support secondary suites in homes; creating a Housing Accelerator Fund worth $4 billion to help cities build homes faster.
• Conservatives: Build 1 million homes in the next three years; release 15 per cent of federal real estate for housing; encourage developers to invest in rental housing by extending the ability to defer capital gains tax when selling a rental and reinvesting in rental housing.
• NDP: Set up a dedicated fast start fund to streamline the application process; mobilize federal resources for co-op, social and non-profit housing by repurposing unused and under-used properties; spur the construction of affordable homes by waiving the federal portion of the GST/HST on the construction of new affordable rental units.

  • Collapse of SVB

    California based Silicon Valley Bank collapsed on Friday, March 10, 2023, thanks to risen …
  • Ontario Liberals Changed the Rules to Elect Leaders

    Ontario Liberals ended a successful convention in Hamilton, Ontario and voted to change th…
  • Elon Musk #1 Again

    A sudden jump in Tesla stock’s price made Elon Must enjoy the top cadre. His net worth tou…
Load More Related Articles
Load More By News Desk
  • Collapse of SVB

    California based Silicon Valley Bank collapsed on Friday, March 10, 2023, thanks to risen …
  • Ontario Liberals Changed the Rules to Elect Leaders

    Ontario Liberals ended a successful convention in Hamilton, Ontario and voted to change th…
  • Elon Musk #1 Again

    A sudden jump in Tesla stock’s price made Elon Must enjoy the top cadre. His net worth tou…
Load More In National

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

We’ve got a Canadian in the US Open final – Trudeau

We’ve got a Canadian in the US Open final – Trudeau Leylah Fernandez entered into US Open …