About this product
I have no political affiliation but wanted to share so information about each party and a high level of their intent with the housing industry.
🍁 Liberal Party proposed changes -
🌟Tweak the First Time Home Buyer Incentive
🌟 Under the current First Time Home Buyer Incentive, the government receives an equity share in your home (5% for resales and up to 10% for builds). Under the new plan, participants could choose between the shared-equity arrangement or opt for a loan that is repayable.
🍁 NDP Party proposed changes -
🌟 Reintroduce 30 year terms for entry level homes for first time home buyers that are insured by the CMHC.
🌟 Create at least 500,000 quality affordable housing units over the next 10 years.
🍁 Conservative Party proposed changes -
🌟The Conservatives' election platform features a plan to build one million homes over three years, the conversion of at least 15 percent of federal government property into housing and the creation of an Indigenous housing strategy.
🌟 A Conservative government would also bar foreign investors who are not living or moving to Canada from buying a home for at least the next two years.
🌟 They also want to encourage the offering of seven-to-10-year mortgages and to make tweaks to the stress test and insurance requirements to help people qualify more easily for financing.
- Choosing a selection results in a full page refresh.
- Press the space key then arrow keys to make a selection.