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Melissa Edwards

How does your party intend to support first-time home buyers and new Canadians who are struggling to find affordable housing that meets their needs.  

New Democrats will make purchasing your first home and finding affordable housing more accessible for families. Jagmeet Singh and the NDP will re-introduce 30 year terms to Canadian Mortgage and Housing Corporation insured mortgage on entry level homes for first time home buyers. This will allow for smaller monthly payments, freeing up funds to help make ends meet for young families. We’ll also give people a hand with closing costs by doubling the Home Buyer’s Tax Credit to $1,500.

The mortgage stress test is impacting individuals and families in your riding.  What adjustment do you feel should be implemented to address the negative consequences?  

It's so important to give people the tools to allow them to achieve home ownership and escape the cycle of renting in a increasingly uncertain housing market. Eliminate GST on new construction projects that include a significant amount of affordable housing units. 

Housing supply continues to be a significant issue in many markets across the country.  What should the federal government do to help with housing supply issue?  

We are in a housing crisis. The federal government has to build quality, affordable housing across the country immediately. New Democrats will create 500,000 units of quality, affordable housing in the next ten years, with half of that done within five years.  As well as place a foreign buyers tax on the sale of homes to individuals who aren't Canadian citizens or permanent residents.      

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