Liberal
- Create a national Home Buyers' Bill of Rights.
- Convene federal & provincial regulators to develop a national action plan to increase consumer protection & transparency in real estate transactions.
- Deter unfair rent increases.
- Require landlords to disclose on their tax filing the rent they receive pre- and post-renovation, & implement a proportional surtax if the increase in rent is excessive.
Create a national Home Buyers’ Bill of Rights so that the process of buying a home is fair, open, and transparent.
Convene federal and provincial regulators to develop a national action plan to increase consumer protection and transparency in real estate transactions.
The Home Buyers’ Bill of Rights will:
• Ban blind bidding, which prevents bidders from knowing the bids of other prospective buyers, and ultimately drives up home prices.
• Establish a legal right to a home inspection to make sure that buyers have the peace of mind that their investment is sound.
• Ensure total transparency on the history of recent house sale prices on title searches.
• Require real-estate agents to disclose when they are involved in both sides of a potential sale to all participants in a transaction.
• Move forward with a publicly accessible beneficial ownership registry.
• Ensure banks and lenders offer mortgage deferrals for up to 6 months in the event of job loss or other major life event.
• Require mortgage lenders act in your best interest so that you are fully informed of the full range of choices at your disposal, including the First Time Home Buyer Incentive.
— Forward. For Everyone., retrieved 2021-09-02
Stop “renovictions” by deterring unfair rent increases that fall outside of a normal change in rent.
Require landlords to disclose, on their tax filing, the rent they receive pre- and post-renovation, and implement a proportional surtax if the increase in rent is excessive.
— Forward. For Everyone., retrieved 2021-09-02