Kamal Khera believes that, “Every Canadian should have a safe, affordable place to call home, but in too many communities, buying a home remains out of reach. The Liberal government has made major
progress to change that. But, going forward, we’re making sure people across Peel Region have
a leg up in buying their first home – and helping Canadians lay the groundwork for a better future.”
In recent years, housing speculation by foreign owners has become a major challenge, driving up housing prices for people across the country. Canada is not a place for those who wish to purely speculate in the housing market, and we need a national approach to protect families who are being priced out of buying a first home.
A re-elected Liberal government will:
? fully implement the First-Time Home Buyer Incentive, which provides Canadians with up to ten per
cent off the purchase price of their first home;
? immediately expand the Incentive to provide more help to communities in the greater Toronto,
Vancouver, and Victoria regions by allowing homes valued at up to $789K to qualify;
? address the impact of foreign speculation, which drives up housing costs, by putting in place a
consistent national speculation and vacancy tax for non-resident, non-Canadians.
In addition to introducing the First-Time Home Buyer Incentive, our Liberal government also:
? launched Canada’s first-ever National Housing Strategy, a ten-year plan that will help more than
600,000 Canadians find safe and affordable places to live;
? funded the construction of nearly 140,000 more housing units to be built by 2028; and
? created the new Canada Housing Benefit to help 300,000 Canadians with the high costs of rent.
Click HERE to visit Kamal Khera's website