Homeownership should not be available only to a privileged few. We have a serious plan to tackle Canada’s housing affordability crisis.
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The cost of housing has doubled since Trudeau took office and his government refuses to acknowledge that this is a crisis.
For generations, Conservatives have believed buying a home is a key part of the Canadian Dream, but today too many Canadians, especially Indigenous families, new Canadians, low-income families, and millennials have been completely shut out of the housing market.
We have grown adults still living at home with their parents – not because they want to but because they can’t afford a home. We need to boost our housing supply and bring greater fairness to the market.
To tackle this generational housing crisis and make the Canadian Dream a reality for all Canadians, immediate, ambitious, and cooperative engagement across all levels of government is necessary.
Highlights of Charest’s robust Building the Canadian Dream plan:
- Increasing housing supply by:
- Tying infrastructure funding to significant densification near new transit built with federal funds
- Matching federal affordable housing grants to municipalities streamlining and speeding up their permitting process including firm approval timelines
- Funding e-permitting software solutions and staff training to digitize the planning process, allowing municipalities to further shorten planning timelines
- Reviving the Multi-Unit Rental Building (MURB) tax incentive program for all new multi-residential rental developments to encourage massive new investments in affordable rental housing
- Allowing investors to defer capital gains if profits from rental housing are invested in further rental housing
- Allowing the federal portion of the HST on new housing to be spread over 5 years
- Tasking the Minister of Housing with a full review of the Federal Government’s 37,000 properties and making surplus land available for affordable housing development
- Making the home office tax credit permanent and increasing it to a maximum of $5,000.
- Boosting the skilled construction workers’ labour market by creating new immigration pathways and eliminating payroll taxes on any new apprentices in construction fields.
- Enacting a “For Indigenous, By Indigenous” housing strategy led by Indigenous leaders.
- Ensuring that mortgage qualifications and stress tests do not unfairly discriminate against small business owners, gig workers, and self-employed Canadians.
Jean Charest’s Building the Canadian Dream Plan will address the housing crisis and help all Canadians achieve homeownership.
Read the full policy here.
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