Housing Prices platforms
Here's what the 2021 Canadian election parties are promising.Conservative
- Ban foreign investors not living in or moving to Canada from buying homes here for a two year period, after which it will be reviewed.
- Encourage foreign investment in purpose-built, affordable rental housing.
NDP
- Place a 20% tax on the sale of homes to people who aren't citizens or permanent residents.
- Double the Home Buyer's Tax Credit to $1,500.
Green
- Declare housing affordability & homelessness a national emergency.
- Create national standards to establish rent & vacancy controls.
- Provide a retroactive residential arrears program for Canadians at risk of eviction or of being driven into homelessness due to accumulated rent.
- Raise the empty homes tax for foreign & corporate residential property owners.
A Green government will provide a retroactive residential arrears assistance program to protect Canadians at risk of eviction or of being driven into homelessness due to accumulated rent arrears, as recommended by the National Right to Housing Network (NRHN) and the Centre for Equality Rights in Accommodation (CERA).
— Be Daring., retrieved 2021-09-11
● Raise the “empty home” tax for foreign and corporate residential property owners who leave buildings and units vacant.
● Assess the role of real estate investment trusts (REITs) in Canada’s housing market.
● Close tax haven loopholes that allow foreign investors to hide the names of beneficial owners of properties in Canada.
● Crack down on money laundering in Canadian real estate.
— Be Daring., retrieved 2021-09-11