Affordable housing

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We will make it easier for Canadians to find an affordable place to call home.

Today, one in four Canadian households is paying more than it can afford for housing, and one in eight cannot find affordable housing that is safe, suitable, and well maintained.

When affordable housing is in short supply, Canadians feel less secure and our whole economy suffers.

We will renew federal leadership in housing, starting with a new, ten-year investment in social infrastructure.

We will prioritize investments in affordable housing and seniors’ facilities, build more new housing units and refurbish old ones, give support to municipalities to maintain rent-geared-to-income subsidies in co-ops, and give communities the money they need for Housing First initiatives that help homeless Canadians find stable housing.

We will encourage the construction of new rental housing by removing all GST on new capital investments in affordable rental housing. This will provide $125 million per year in tax incentives to grow and renovate the supply of rental housing across Canada.

We will modernize the existing Home Buyers’ Plan to allow Canadians impacted by sudden and significant life changes to buy a house without tax penalty. This will ease the burden on Canadians facing job relocation, the death of a spouse, marital breakdown, or a decision to accommodate an elderly family member.

We will direct the Canada Mortgage and Housing Corporation and the new Canada Infrastructure Bank to provide financing to support the construction of new, affordable rental housing for middle- and low-income Canadians.

We will conduct an inventory of all available federal lands and buildings that could be repurposed, and make some of these lands available at low cost for affordable housing in communities where there is a pressing need.

We will review escalating home prices in high-priced markets, like Toronto and Vancouver, and consider all policy tools that could keep home ownership within reach for more Canadians.

We will also immediately restore the mandatory long-form census to ensure that decisions on housing are made using the best and most up-to-date data available.

 

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