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Summary Of Housing Promises From Canada’s Main Political Parties

Author: 
Steve Huebl·
Publication date:
August 30, 2021
Article Summary: 

Canadian political parties have unveiled their housing promises in the run-up to the election, with affordability being a major issue. The main parties include the Liberals, Conservatives, and NDP. The Liberal housing plan, "A Home for Everyone," offers various initiatives, including a First-Time Home Buyer Incentive tweak, a new tax-free First Home Savings Account, and a Home Buyer's Bill of Rights. The Conservative party offers its housing promises in its platform document, "Canada's Recovery Plan," with key initiatives such as removing the stress test for homeowners renewing a mortgage with another lender and increasing the mortgage insurance eligibility limit. Meanwhile, the NDP promises to remove the GST on new home construction and provide more affordable housing.



Keywords: 

Canada, political parties, housing promises, affordability, Liberals, Conservatives, NDP, Green Party, PPC, initiatives, policies, first-time home buyer, foreign ownership, tax credit, rent-to-own, anti-flipping tax, stress test, mortgage, housing supply, infrastructure investments, beneficial ownership registry, money laundering, foreign investors, affordable rental housing.



Source Citation: 
Steve Huebl·
Summary Of Housing Promises From Canada’s Main Political Parties
August 30, 2021
https://www.canadianmortgagetrends.com/2021/08/summary-of-housing-promises-from-canadas-main-political-parties/
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