PM Trudeau to help first time homebuyers

  • Page Views 347
  • Liberal Leader Justin Trudeau outlined his party’s plan to make it easier to buy a home across the country, vowing anew to address a housing affordability crisis that has grown since he came to office.
    What the Liberals unveiled Tuesday would tweak programs aimed at first-time homebuyers, including one to help offset the cost of a mortgage that the government recently expanded because of low take-up in some of the hottest housing markets in the country.
    Trudeau defended his government’s existing national housing strategy, which the parliamentary budget officer earlier this month described as having limited impact, saying the announcement of changes and additions wasn’t a sign of any shortcoming.
    “Anyone out there promising that they can fix the housing crisis (quickly), doesn’t understand the housing crisis, or doesn’t have a real plan to do it. They’re just trying to sell you something,” Trudeau said near a housing development where home prices can reach $1 million.
    “That’s why we’ve created a very ambitious, but multi-faceted plan that responds in tangible ways to make sure that people have better options.”
    The party is also promising to create what they’re calling a First Home Savings Account, where those under 40 could save up to $40,000 and withdraw it tax-free for a down payment with no requirement to repay.
    NDP Leader Jagmeet Singh, speaking in Mississauga, Ont., said housing conditions have worsened during Trudeau’s time as prime minister: “If he cared about it, wouldn’t the housing crisis not be here?”
    Jagmeet Singh:

    “Justin Trudeau has sided with wealthy speculators for six years as they’ve pushed the price of a home out of reach for everybody else. If he really wanted to make housing more affordable for people, he’d have done it already. People can’t afford any more empty housing promises from Justin Trudeau.”

    Conservative Leader Erin O’Toole said Trudeau has had years to enact those housing policies and has “failed.”
    “He has had programs that have been ineffective in terms of affordable housing, in terms of programs for first-time homebuyers,” O’Toole said in Ottawa.
    “We have a serious plan to tackle a serious crisis for our country and after six years of inaction from Mr. Trudeau, more hollow words today is not what Canadians deserve.”
    Green Leader Annamie Paul was speaking Tuesday about affordable housing in the Toronto Centre riding in which she is running. The median income is $39,000 while the average one-bedroom rent is $2,300, she said.
    “So you do the math and tell me how people are going to manage to make ends meet,” she said.
    “This is something that is a failure. It is something that has gotten worse and we know that the situation has been exacerbated during the pandemic.”
    Trudeau also promised a “bill of rights” for homeowners that would ban blind bidding, enshrine a legal right to an inspection, ban foreign buyers for two years as the Conservatives have also promised, and an anti-flipping tax on residential properties.
    He suggested the government has the tools to enforce the proposed set of rules and prevent predatory and speculative practices.

    Share

    New Posts Recently publish post More

    • 13 January 2022
      5 days ago No comment

      COVID in Philippines: gov’t limits flu meds purchases

      The Philippine government on January 12 announced limits on the purchases of fever and flu medications. The Department of Trade and Industry and Department of Health made the move amid increased demand for these over-the-counter medicines in the wake of rising COVID-19 cases in the country. The two departments ...

    • 06 January 2022
      2 weeks ago No comment

      Kris Aquino and fiancé Mel Senen Sarmiento break up

      ‘I do love you, but I guess this is goodbye,’ Mel Senen Sarmiento tells Kris Aquino in a text message Confirming rumors, actress and TV host Kris Aquino disclosed in an Instagram post on Monday, January 3, that she had broken up with her fiancé, former politician Mel Senen ...

    • 23 December 2021
      4 weeks ago No comment

      Canada marks International Migrants Day

      Ottawa – The Honourable Sean Fraser, Minister of Immigration, Refugees and Citizenship, the Honourable Mélanie Joly, Minister of Foreign Affairs, and the Honourable Harjit Sajjan, Minister of International Development and Minister Responsible for the Pacific Economic Development Agency of Canada, today issued the following statement: “For as long as ...

    %d bloggers like this: