My son has quadruple the cash I did and is starting a better paying job than I had when I bought my first home. yet for him, it’s not enough for a down payment on a place in Vancouver / Burnaby / Surrey
That will require policies and regulations that target the investor class. Highly unlikely
I’m prob around your son’s age and live in Metro Van - I don’t know anyone under 40 who purchased a property without significant financial help from their parents (incl. being able to live at home rent-free)
that's why work from home is great policy and feds should encourage. I worked on telework policy for feds in 2007 and studies showed many benefits. But one benefit I claim is allowing young people to go back to their communities after education, bringing $ and diversity to smaller towns
Do something big. Eliminate GST on all realtor fees! This I needed a year ago when I had to sell family home and downsize. Those fees are ridiculous! And that’s our egg nest dwindling.
I agree with the $, I think the time might be half of what you say. But most importantly, for now (defined as weeks/months) I think there's acceptance. Project ourselves 100 years in the future and this has to happen; we can't have a landlocked economy in the next century.
We need to ensure the support of First Nations by establishing a fair and meaningful revenue-sharing agreement with them. As for Quebec, securing their buy-in will be a challenging...
Then we should support a government who is looking to improve affordability because the alternative would ensure corporate landlords could increase rents at will and for no reason
This American is proud to have you as our neighbor.
Our government is illegitimate in every way and is an embarrassment for most Americans.
The only Americans not embarrassed, have been brainwashed by a complicit media.
Thank you for standing strong for truth and freedom
A good man but, more importantly, an intelligent, experienced & honest man. He'll do what's best for Canada even if not everyone agrees.....that's just his nature.
Not sure which province you’re in but meaningful change to AirBnB regulations can be implemented at the provincial level. Check out what the BC NDP gvmt did to address this.
What they did is stupid. I have a family member who likes to air bnb her place when they are away - maybe 4 - 5 times a year for durations of a weekend up to three weeks. They can’t do it now. The space wouldn’t be for long term renters.
Np. Municipalities still have the power to go above and beyond the province’s regulations. So if, for example, her municipality has banned STRs in residential zones, that’s a policy they’ve chosen to implement & enforce, and didn’t come from the provincial gvmt
@mark-carney.bsky.social My suggestion here:
Gov't Canada issues (sells) "Canadian Home Building Bonds". Canadians can buy these bonds and the principal and interest is guaranteed by the Gov/Can. The funds raised are used to create a federal non-profit company, Canadian Home Builders Corp. 1/3
The non-profit uses the money to create local non-profit subsidiaries that work with local governments and builder associations to create affordable housing that suits the communities needs.
The housing is sold at a regulated price model control by the parent non-profit. 2/3
No, though I used to a bit when I was younger, also farming. Now I am many things, majored in computer science and medical. Doesn't matter whom I am or what I do. We should all work together making this a better place for our children.
Great! Now please introduce new separate rules for landlords who rent out _part of their primary residence_. Make it less scary for a homeowner to take in tenants, and we could solve the housing crises in a matter of months. 🙏🤞🏡
We've got to increase supply AND reduce demand. Supply will take a while to catch up on its own. So, to reduce demand:
1) Reduce immigration rates.
2) Ban Airbnb.
3) Ban foreign ownership.
4) Ban companies from owning residential properties.
4) Heavily tax third property "investment" real estate.
Canada has disproportionately caused the climate crisis that is making parts of the planet uninhabitable. We OWE climate debt. Now you want to slam the door on climate migrants - who are fleeing the disasters WE caused?? Sounds like MAGA logic.
It isn't climate migrants coming here; we increased immigration rates during the pandemic because the business community was *desperate* for "cheap labour" (their words). Many migrants are desperate to escape countries with 1) rampant corruption 2) cruel regimes, and/or 3) lack of opportunity.
The Lib-Con expansion of the TFW programme from harvesting to service industries by Harper-Trudeau was the ultimate acquiescence to greedy billionaires. Singh has always opposed it and would cancel it immediately. Carney won’t even mention it.
Singh probably isn't even going to win his own seat at this point, and I haven't seen him present any vision for national defence or aid to Ukraine, 2 issues top of mind right now. This election is going to ultimately be decided on the basis of "who will keep Canada strong / safe during Trump era."
Some people will dodge this by having children or relatives as the "legal" home owners of investment properties, but then they're taking the risk that those relatives won't just do whatever THEY want with the "assets."
Im sorry but that was unnesseary and uncalled for.
Just so you're aware ive served my country for 10 years in the CAF and due to my experience traveling abroad help me pursue a career in culinary and moved to vancouver to learn from the best, all i ask is a decent wage for decent worker.
You live in the second largest country on earth and you choose to move to an unaffordable city and then complain that you can’t afford it in an announcement that our government is removing GST from home sales. You’re trash 😂
20 minutes from Vancouver. You can’t find a ‘house’ for under $1M in the Lower Mainland, interior of BC, Victoria. You have to go quite rural for a house under $1M.
You can get an apartment or townhouse for less than $1M. So the GST relief would apply to those types of properties.
Um, no.
I live in a city in the Central Interior.
Not rural.
Houses here can sell for $350k and up. Now, $350k is not a nice house and it’s old, but that’s the low end.
Don’t say “BC”, if your experience is in Southern BC.
Home is what you make it. My apartment is my home and my kids who moved to rural BC so they could buy a house (with a yard) is their home and my father, who lives in senior housing, that is his home🌸
Please invest more money in commercials. I just saw two commercials lying about PP tonight between 6 and 8 pm. I laughed at them but they need to be challenged.
And replace it with what? If you say nothing, then what services you want to give up? Roads, bridges, security, HC, reduced provincial transfers, just to name a few. Exactly what do you think we should do without, and why?
The GST was 1st introduced by the conservatives, under Mulroney. The liberals promised to stop the GST, but didn't. It's not making anyone's lives better, even with the tiny amount we get back.
So scrap the damn thing. I want more of my own money to stay in my pockets.
I recognize this is a political win with supply side positives (previously newly built homes weren't eligible, this should hopefully increase new supply).
But can we please address the incentives to encourage wreckless sprawl? Increase taxes on low density areas, make condo fees deductible, etc?
Oh no, Pierre, Trump/Musk, Oligarchs and Cons are crying, “how could Carney do this to our profits!” Vote no to being the 51st state and Governor Poilievre.
Apparently, they're concerned about lost revenue. Does that make them an idiot? You could disagree. This won't help people who can't afford a house at all. Could building more housing be a better solution? I don't know why governments don't do that. Pay to build them, sell at cost.
I believe Kapuskasing Ontario has a company building prefabricated homes. Plus for the workers climate controlled environment. Use our steel for countertops. Easily transport where needed.
Surplus can be sold at a premium to other countries.
Trump is a master at Psyops. He would LOVE to see Poilievre in the Prime Minister’s seat. He would bend PP into submission like a pretzel. PP would yield & give Trump access to Canadian resources & welcome becoming the 51st state. Canada, contemplating PP as PM is a very, very slippery slope!
I know he does. Mark Carney isnt going to out up with Trumps BS and he wont rush to kiss the ring. He knows he has friends in Europe and he plans on building our economy with as little American influence as possible! This is why he has my vote!
What are you doing to increase supply, rather than just increasing ability to pay? Without additional supply this will just be absorbed by incumbent homeowners as increased sale prices.
Andrew, we already HAVE the supply, but it was sold off 2 predatory slime looking 2 turn shelter into big business. Who the hell does this?! Find another toy.
If not 4 every home & apt overtaken by corporations & private investors, we would b able to pay, but these guys want built-in mega profit!
We aren’t that daft! We know supply only encourages developers to make more money, while predatory investors see 🤑 with every unit going up (mind you, that could have been someone’s PERMANENT residence)
#BanInvestorsNOW
While it's good news, it only applies to first time buyers of new homes. And since it's the builder who files and pays that on behalf of the buyer, you also need to ensure that prices of new homes fall by the same amount.
Do better, we're smarter than you want to believe.
Canada might want to figure out how they'll handle tens of thousands of Americans (many without passports) trying to flee the States over the northern border.. It's likely coming...and sooner than most ppl want to admit.
I hope you put this on X and Trump Social. Then he can see how government can be good to people. Not like here living the Great American Horror Story. Plus it will piss him off.
Leasehold. You only own the apartment, not the land. Lease will eventually have to be renegotiated with the City of Vancouver. However, a great way to get into the market. Most 1 bedrooms on the West Side are about $700,000 and up for freehold.
I bought an apartment in GVRD. Less than 1 million. Serving me well. You don't have to buy a single family home on its own lot if you can't afford that. 1 million goes a long way.
It's about time people wake up to the reality...
Pierre Mini-Trump Poilièvre is nothing!
Propaganda and rallies just like Trump and empty promises!
I'm happy that Carney was elected as Prime Minister.
He's knows business... Poilièvre knows nothing!
You can tell Carney means business!
Arthur, my most important condideration isn't an 'idea'. Character and principles are. I drive by those vulgar signs with my grandaughter. Canada isn't broken. Flirting with white supremicists = non starter. Mom advice: these things define character and principles. He should not represent Canada.
How about a benefit that is not directly linked to developers, as GST is only payable on new properties? Could you find a way to support the lower value property buyers and those buying resale properties?
Its tough for young people trying to purcase thier first home. The prices alone and the down payment required makes it tough, at best. Awesome move to give them a break, and a chance to get ahead! Well done, Prime Minister Carney!
Mark, after watching PP this morning, I have to say... what he proposal of "shovel-ready" is intriguing. I will not support him, but his ideas may convince others. PLEASE consider pushing out more of what you will DO, not just cutting taxes :( We can't let him win
That was for mine, liquefied natural gas plant, pipeline or other major projects. Not housing. It also means taxpayers would pay upfront for pre-approval for land that might never be developed? Also says he would shorten approvals - so which steps are they going to eliminate?
Hi Mark, that's a great start. Now can we ban huge corporate investment firms from buying all our residential real estate and artificially increasing the price of the market? Any solution that does not target the oligarch class is NOT going to stop what is happening in the USA.
of course you should work at reducing housing costs, break the housing commodity market in Canada, support single family home owners. break the financial investment in rental conglomerates and air b&b!
Canadians deserve a chance to own a home, not a rental portfolio!
I love this.
But I’m still not sure why I can pay $1800/month on rent for 5 years and not miss a payment, but I can’t qualify for a mortgage where I’d only be paying $1100 or less on a modest home. Same credit rating. Same income.
Homes can be a money pit. You pay taxes and upkeep, which can drive those costs up. You may get heat, hydro, water, etc. included in your rental, but may need to pay those in a home. 21.75% interest in 1981 and people who had paid 5% down just walked away and killed their credit.
It was the same for me 40 years ago. Couldn’t get a regular mortgage at a lower rate but could get a collateral loan at a higher rate. Same income, same property. 🙄 🤷🏻♀️ Didn’t make sense then either
Why can't we get mortgages directly from the government at the prime rate instead of from banks? I mean, banks have to make money by tacking on a few extra points, that's why. There's no other reason why this couldn't happen.
I get your point but it’s because on a mortgage the bank is advancing a HUGE chunk of cash whereas renting if you don’t pay you just get evicted. I get it there’s collateral but banks don’t want to deal with being realtors and risk not getting it all back. We do need to make it easier though.
Looking for a side hustle that could turn into a full-time income? Dropshipping is a low-risk way to start! Some earn thousands per month just by selling trending products. No inventory needed—your supplier handles shipping while you focus on sales!
Sure, but this person has demonstrated, for 5 yrs, that they can afford far more than the mortgage & has shown that they will regularly pay. Yet, they will give a mortgage to anyone who can come up w a downpayment.
It’s a complex issue. There is price and rate volatility. I can tell you that one property in my dad’s estate had a decrease in value of over $100k in under a year. Very little principal of a mortgage is paid off in the first 10 years so if values decrease it can be a huge gap in asset value.
In the first 5 years you are paying mostly interest, especially if your payments aren’t accelerated, plus property tax, insurance and all the maintenance. Cash flow wise, ownership can be more expensive than renting and the value in ownership is the same as any other investment…asset value increase.
Yet another idea of Pierre's. Mark, your platform is literally his. Ending the Capital Gains hike, ending the Carbon Tax and the Carbon Rebate, strengthening Arctic defense, and slashing spending. You cut the Minister for Diversity, Inclusion, and Persons with Disabilities! You're a Con, Mark.
He is certainly more centrist/right of center than I'd prefer. However, given his CV & economic credentials, in conjunction with him behaving like an adult in an era of populist, narcissistic tech-bros, I am choosing to vote Lib with Carney as leader. There really is no other choice at this point.
Awe, the partisan brained hack can't handle justifiable criticism.
Haven't noticed how many people are without homes or a paycheck away from being homeless? How are GST cuts to first time homebuyers helping them? That's some trickle down Reaganomics crap.
Yes! Thank you Mr Carney. Harper and Pierre Poilievre didn’t do a thing to fix housing. They sat back and did nothing. The only thing they knew was to cut services, science and lock down buildings. I remember!
Why not everyone? I had to sell my house during covid because I was denied a travel exemption, and I had to move to the USA to be reunited with my partner. Now I have to move back to Canada for my safety, and I won't be able to take advantage of this discount. 😟
If you mean you're buying but it will cost more, it's possible he means the 1st $1M of the price? Not positive, but in some areas there isn't much that's less than that. So perhaps worth looking into.
That makes sense. (TBH I actually didn't read your comment carefully enough.) As s.o. else said, I think GST is mostly on new builds. I'm seeing mixed info abt the exemption details, so check w a real estate or similar website. This may turn out to be a moot point!
If I had anything close to the amount of $$ required for a down payment in Metro Van (where I live) I’d go for a pre-owned home, FWIW. Lots of shady developers who cut corners & don’t prioritize quality
Ranked choice voting would be great for Canada and make it much harder for Maple Magas to sneak into power via vote splitting. However, prop rep is different. You could have one or the other, but combining them doesn’t really make sense.
Yes we should have more proportional representation but not necessarily pure proportional representation. I lived in the Netherlands (with PropRep) and they have so many parties in parliament that it can take a year to form a coalition. Ranked ballot is a happy medium that avoids both extremes
Yes, with PR, the selection of a government is often done in back-room deals by party insiders that like to call themselves "activists". That can give small extremist parties, like the fascist AfD in Germany, a lot of leverage. With RB, on the other hand, the selection is made by voters directly.
That could be huge for some. I imagine some builders will try to put a clause in the contract that any retroactive rebates go to them.
I think some did that with energy efficient homes in some provinces
When it comes to the housing crisis, history teaches us that there are no market-only solutions. Canada needs non-market co-ops and social housing around transit like Austria. Every expert says the same thing. Jagmeet gets it, Pierre and Mark don’t seem to.
Reminding northern border American's of the friendship Canada has with them will help motivate challenged minds. A good mix of old fashioned shame and sorrow would do just fine. The advertising is cheap in the places who need to hear you most. 🍁#ElbowsUp🍁
Israel is an extension of the USA, which longs to annex us. Zionism also requires obsessive hatred towards Palestinians and their allies, many of whom are Canadian citizens.
As Marco Mendocino is a Zionist, that means two things: he is exclusively loyal to the Israeli state(and by extension the USA), and he is obsessively racist towards Palestinians.
Saying you want to keep Canada from becoming part of America while refusing to cut ties with America's blood-soaked genocide fetishist colony is not a good look.
The regret I have not buying that condo my mom really thought I should I buy for $138,000 in Vancouver in 1998 because (insert so many in hindsight completely stupid reasons) …
It wasn't. It was an older building built prior to the leaky condo scandals. It was one of my "reasons" it was in East Van, lower Mount Pleasant but before it had become fully cool & as the artist lofts were being built. I was young, like 20s, graduating Uni with student loan debt, I didn't know...
My daughter and her husband both work partly from home. They each earn 6 figures but need space - so pay $4000.00 a month to rent a four bedroom house. And not a new home.
It is outrageous!
You are completely wrong with your statement. It may not make a difference for those nowhere near able to enter the market, but it will make it more affordable. So where I agree, affordable housing is in short supply and we need to do more.
I agree. My suggestion here:
Gov't Canada issues (sells) "Canadian Home Building Bonds". Canadians can buy these bonds and the principal and interest is guaranteed by the Gov/Can. The funds raised are used to create a federal non-profit company, Canadian Home Builders Corp. 1/3
The non-profit uses the money to create local non-profit subsidiaries that work with local governments and builder associations to create affordable housing that suits the communities needs.
The housing is sold at a regulated price model control by the parent non-profit. 2/3
I get this one small part of Canada will probably elect the one singular Green candidate so that is where your focus is but don't think for a minute that this party will ever form government with their lack of ability to actually run the country. Great ideas, not a leading party.
Eh, not saying that. But to characterize this step as solely a benefit for business and not the independent buyers out there and a piece of the whole is disingenuous. I'm not saying don't vote for them, fill your boots. But they will only be a participant until they can show a whole Canada view.
Increase it for corporations, they shouldn't be mass buying up all the properties anyways. Housing is for families and security, it shouldn't be for profit and greed. Just saying 👍
My son just bought his first home eight months ago. My new neighbour is a young couple that just bought the house next door three months ago. Quite a few are able to afford it.
My son just bought his first home a year ago. If people are willing to make the sacrifices that have always had to be made for first time home ownership then it can be done.
If people weren't buying their first homes then we really wouldn't have a shortage of housing. What we would have is just a bunch of people trading houses and moving around and there would be no shortage if we didn't need new homes for people that never had one before.
It's possible but shaped by a bunch of things. 20-somethings with good income, down payment "gifts", and/or living in affordable cities can do it. Winnipeg, for example, is very different in terms of housing than Vancouver on $70k/year household income.
They are also building more sizes of homes which helps a ton! Adds that choice of scale which can help reduce costs for those willing to have less square footage. Makes it easier to get started in the market which makes the next mortgage a little easier for young workers still climbing the ladder.
It'd be great if more #HabitatForHumanity type iniatives took off in Canada, with gov support, especially tiny & small homes for singles & couples (not such heavy focus prioritizing families) expedited by more volunteer hours. More of us could hope for home ownership and TO start a family if so.
Although I do believe you can make sacrifices and still buy a home I just want to say the first home I bought in Halifax was 3-times what I made then. That same house would go for about 9-times what I make now. And that is still one of the cheaper houses you can get in Halifax then and now.
Look at how many homes are on the market vs. how many people are renting and wanting to buy homes... Most of the houses get snapped up by those property investment firms and rented out at higher prices than people would be paying on a mortgage.
My two oldest to have partners now, and help with the mortgage and stuff, but my youngest is tackling away at those renovations and bills on her own.
I’m very proud of them. ❤️🇨🇦❤️
My daughter did it on her own too , and after renovating sold when the market was hot and moved home with me and helped me renovate my home to make it retirement friendly.
I'm not a young Canadian, but bought a place for under 200k in Nova Scotia at the end of 2023. We don't all need to live in the GTA (although at one point I did).
True, but there are lots of options. The last area I lived was an hour from larger cities, but still had quite a few options for work (mfg). It was still going up in price (commuters) but as a single person there were still places at 4x my salary. Definitely more if two people.
I understand what you're saying. Doesn't change what I said. Jobs aren't easy to come by right now and there are fewer and fewer options on smaller locations..plus, if you have a decent job, are you really going to give it up to move to a small town somewhere? Away from your supports?
I agree. Just saying it really only helps those who already are able to put money away. Im disabled. Ill never own. My partner has a job where in the past the pay was enough for someone to get into the market. Im glad this will help some young families though.
I hope that with his leadership, we will have the ability to find a way to make life better for all of us. I am excited for the first time in a very long time to have someone truly qualified to vote for. I can't wait to cast my ballot. All the best to the both of you!
A lot. My son and Dil have been saving for a couple of years, they are looking this spring. Most of the people they grew up with have either already bought or a actively looking. Interesting, none of them are looking in subdivisions.
So many don't...and if they do buy, they end up house poor.
I'm a hairstylist. I talk to a lot of ppl & most of my clientele are on the lower end of the economic ladder. The GST isn't what is keeping them out of the market.
Parents need to teach their children at a young age about being responsible with money. I bought my first house at 25 years old. Was made possible because I started saving before I graduated from high school. My dad told me I needed to save for a down-payment.
Myself, and almost all of my friends. We’re all in our thirties.
In case of my husband and myself: 0$ contribution from our families. Got our PhDs, got a job, lived in a small apartment for a while, saved the 5% downpayment and got our first home when we were 30 years old. Upgraded 3 years after.
Good for you. You should be proud. But not everyone has the same start in life. Me personally it will never be possible. My partner on the other hand it should have been but it would take too long to scrape up enough for a down payment here. We were both born and raised here as well.
I’m sorry if it came out that way. Just answered the post.
We definitely didn’t have a good start. A negative start even! But opportunities are abundant in Canada. At least what I’ve experienced, is the country appreciates talent and education. Young Canadians have that. We didn’t have this..
.. in our home country. There, if you pretend to be someone you’re not, if you kneel before the Supreme Leader, you might get up the ladder. For someone like me, a feminist through & through, I don’t think I would’ve even lived to the age I am now. I appreciate Canada & the opportunities it gave me.
Doesn’t hurt that the first time it was in suburbs of Ottawa, and the second time suburbs of Montreal. We knew we couldn’t afford living in Toronto, so we left.
This is a great step in reducing costs for -anybody-. I retire from the military in a few years and I've never owned my own home. I'll take no GST on a house purchase.
It reduces costs for wealthy young Canadians. For the rest, there is great need to not let NIMBY zoning stop development of quality multi-family mid-rise & dense row homes w/ lots of green spaces, playgrounds & dog parks to offset lack of yard
Multi-family housing optimizes land use & lowers costs.
Donald Trump purposely said he’d rather deal with a Liberal so people will fall for it and vote in @pierrepoilievremp
Anyone will intelligence can smell their dirty little game.
Vote for Carney. Send Pierre to retirement.
Doing a great job so far.
What about the truth in media?
If we’re going to keep elections fair and educate the populace we need to dismantle the right wing propaganda machine.
Tv, radio, print and social media.
Amazing step in the right direction. Would be great to make small changes to First Time HBP to help with down payment & so there isn’t a clock to have to repay that contribution until they sell the home so they can also keep up with payments and continue to save more for retirement.
We honestly should offer bordering states a safe refuge from the Union should the choose to leave it. Politely and with courtesy. They’re in an abusive relationship with a Nazi.
Who can afford a million dollar home? There is federal land available across this country that could be turned into tiny home communities - people lease a lot for 99 years, own their tiny home which would be a lot less than a million. Now that would be a plan. Seriously.
Yes, non-Canadians can buy a house in Canada, but there are restrictions: the "Prohibition on the Purchase of Residential Property by Non-Canadians Act" prevents non-Canadians from buying residential property in Canada for a period of two years, with some exceptions
Under the Immigration and Refugee Protection Act, a foreign national is a person who is not a Canadian Citizen or a permanent resident. Effective October 25, 2022, the Non-Resident Speculation Tax (NRST) rate is 25%. The NRST is applied in addition to the general Land Transfer Tax.
Come on, you need to tackle prices. There are markets in this country that does absolutely nothing for. Nada. Zip. Get your investors out of the market.
Agree. But I think this is municipal jurisdiction, not federal. Ive seen Northern towns in BC , where industry is expanding quickly, made local "rules" that only local ppl could buy homes to stop a housing & rental crisis.
Bc has banned Airbnb with some exceptions in rural
Holiday destinations. It is a provincial decision. And we are seeing positive effects for renters in here in Victoria.
Because there are strong tenants' rights here, the new owners went to great lengths to get the longterm residents to leave, including bringing in a gang of drug dealers who set the building on fire, then flooded it. There were police in front all the time. Lots of all night parties. It was hell
AirBnB is an American company so that's further incentive to make it difficult to run one. AirBnB's destroyed its brand anyways with poor customer service.
I'm sorry to say, but in these definitive terms this & the short-term rental suggestion might not be feasible. HOWEVER it's clear most Canadians want that. SO, bridging in that direction SHOULD be possible. It's time to DRAMATICALLY LIMIT those industries for the good of Canadians. #HousingForAll
Something should also be done to prevent companies from buying up all the housing to just rent them at high prices, before anyone else gets the chance to buy them.
Comments
We need more to help
My son has quadruple the cash I did and is starting a better paying job than I had when I bought my first home. yet for him, it’s not enough for a down payment on a place in Vancouver / Burnaby / Surrey
I’m prob around your son’s age and live in Metro Van - I don’t know anyone under 40 who purchased a property without significant financial help from their parents (incl. being able to live at home rent-free)
But if your job is here, it’s tough to do that
But I'm just a monkey 😜
Thank you Prime Minister!
The world, and Canadians in particularly, are a bit tetchy about 'I' statements from government leaders these days.
Our government is illegitimate in every way and is an embarrassment for most Americans.
The only Americans not embarrassed, have been brainwashed by a complicit media.
Thank you for standing strong for truth and freedom
What's you're move now, Pipsqueak Poilievre?
Gov't Canada issues (sells) "Canadian Home Building Bonds". Canadians can buy these bonds and the principal and interest is guaranteed by the Gov/Can. The funds raised are used to create a federal non-profit company, Canadian Home Builders Corp. 1/3
The housing is sold at a regulated price model control by the parent non-profit. 2/3
Elbows up.
1) Reduce immigration rates.
2) Ban Airbnb.
3) Ban foreign ownership.
4) Ban companies from owning residential properties.
4) Heavily tax third property "investment" real estate.
If they own more than 1 = corporate investor.
Make the taxes so high on second rentals they loose.
We don’t need more landlords, that’s a pyramid game. Pop the bubble
All NEW BUILDS should have GST - GST on 75 year old homes is wildly inappropriate.
Most unsustainable market in the world right now.
If that helps.
🤷🏻♀️
I use to live in Ontario but, spoiled now in the lower mainland of BC
I live in the lower mainland BC where the housing in my local area range from 799,000 to 2 million
Removing the tax is a drop in the bucket, id prefer you focus on helping worker bargin
Just so you're aware ive served my country for 10 years in the CAF and due to my experience traveling abroad help me pursue a career in culinary and moved to vancouver to learn from the best, all i ask is a decent wage for decent worker.
And i expect the government that I hope will think about workers like myself who will back us up when we strike and bargin.
Last liberal government sent Canada post, Dock workers, and rail workers back to work with nothin
You can get an apartment or townhouse for less than $1M. So the GST relief would apply to those types of properties.
I live in a city in the Central Interior.
Not rural.
Houses here can sell for $350k and up. Now, $350k is not a nice house and it’s old, but that’s the low end.
Don’t say “BC”, if your experience is in Southern BC.
FOR THE PEOPLE!
Thank you Prime Minister
All this means is prices will go up and the balance goes to the owner not the government.
Plus join the EU
So scrap the damn thing. I want more of my own money to stay in my pockets.
https://www.reddit.com/r/polls_for_politics/s/hVMIVI4Ky1
I'd love to get your thoughts on it's accuracy, maybe hear one or two things I missed you want people to know?
An interview would be amazing too
But can we please address the incentives to encourage wreckless sprawl? Increase taxes on low density areas, make condo fees deductible, etc?
Show me how you will ensure our most vulnerable will be treated well. Killing ministries relating to disability and other areas is not a good start.
Surplus can be sold at a premium to other countries.
Oh, hey everyone, remember that time just 70 days ago that Pierre was thrilled to be endorsed by Donald Trump and Elon Musk?
Polivierre wouldn't say anything negative about Trump and Putin.
Raises my eyebrow for sure.
Everyone needs to vote. Everyone needs to make sure their family members know this guy is Trump’s pick, not Carney.
Even with the polling numbers - they'll mean nothing if people don't get out and vote in massive numbers
Never underestimate the power of PP directed disinformation on voter mindset, the flood gates are open.
Stay strong and "Carney On" .
Repost! Repost!🇨🇦🇨🇦
Vive le Canada! 🇨🇦🇨🇦🇨🇦
If not 4 every home & apt overtaken by corporations & private investors, we would b able to pay, but these guys want built-in mega profit!
#BanInvestorsNOW
What will you do to increase supply and deal with the financialization of residential housing?
I'm happy to be wrong if there is evidence for what he's doing.
We already have one "axe the tax" leader. I want Carney to be the smart policy leader.
Where's the evidence?
Do better, we're smarter than you want to believe.
MLS Vancouver
Pierre Mini-Trump Poilièvre is nothing!
Propaganda and rallies just like Trump and empty promises!
I'm happy that Carney was elected as Prime Minister.
He's knows business... Poilièvre knows nothing!
You can tell Carney means business!
But, since we can't imagine a woman President...
https://vinacapital.com/wp-content/uploads/2024/11/20241129-Summary-of-A-Users-guide.pdf
Canadians deserve a chance to own a home, not a rental portfolio!
The United States has been invaded in a hostile takeover by a domestic terrorist and his domestic terrorist regime.
That said, will you please help me with the process?
But I’m still not sure why I can pay $1800/month on rent for 5 years and not miss a payment, but I can’t qualify for a mortgage where I’d only be paying $1100 or less on a modest home. Same credit rating. Same income.
Doesn't change my opinion on this
What are you, an American Democrat? 😬
do you expect to get to the top with one or two steps?????
Inquiring minds would like to know.
As in,
""That's like THE BAREST OF MINIMUMS! ""
😐
Haven't noticed how many people are without homes or a paycheck away from being homeless? How are GST cuts to first time homebuyers helping them? That's some trickle down Reaganomics crap.
He'll save ya.
You are 100% welcome back.
So glad to hear you're headed home, though. Best of everything to you! 🇨🇦 🤍
Ranked choice voting and proportional parliamentary representation should be TOP PRIORITY!!
Make good on your partys' promises!!!
I think some did that with energy efficient homes in some provinces
Because so many first-time buyers have that kind of money, right? 🙄
Who does? Hedge fund managers who can scoop up as many houses as they want and maximize the tax breaks. 🤔
#Vote4Carney
I'd rather keep my carbon tax rebate, thanks.
Repost: I swear speech to text is out to get me.
🤓
I don’t think about it bc it’ll drive me mental
It is outrageous!
Unless you are willing to build public housing like the Greens are this won't help make housing affordable.
https://www.greenparty.ca/en/our-plans/affordable-housing
Gov't Canada issues (sells) "Canadian Home Building Bonds". Canadians can buy these bonds and the principal and interest is guaranteed by the Gov/Can. The funds raised are used to create a federal non-profit company, Canadian Home Builders Corp. 1/3
The housing is sold at a regulated price model control by the parent non-profit. 2/3
How's that working out for the US?
The BC Greens have extracted significant policy concessions from the NDP govt despite having only two seats.
Voting Green matters.
It's possible but shaped by a bunch of things. 20-somethings with good income, down payment "gifts", and/or living in affordable cities can do it. Winnipeg, for example, is very different in terms of housing than Vancouver on $70k/year household income.
They aren’t mansions.
I’m very proud of them. ❤️🇨🇦❤️
Or should we acknowledge positive steps forward while we keep working toward further improvement?
I'm a hairstylist. I talk to a lot of ppl & most of my clientele are on the lower end of the economic ladder. The GST isn't what is keeping them out of the market.
In case of my husband and myself: 0$ contribution from our families. Got our PhDs, got a job, lived in a small apartment for a while, saved the 5% downpayment and got our first home when we were 30 years old. Upgraded 3 years after.
We definitely didn’t have a good start. A negative start even! But opportunities are abundant in Canada. At least what I’ve experienced, is the country appreciates talent and education. Young Canadians have that. We didn’t have this..
Multi-family housing optimizes land use & lowers costs.
Welp. We can put this one in the “things I never thought the White House would say”
The Criminal in Chief is a fkng idiot.
Anyone will intelligence can smell their dirty little game.
Vote for Carney. Send Pierre to retirement.
What about the truth in media?
If we’re going to keep elections fair and educate the populace we need to dismantle the right wing propaganda machine.
Tv, radio, print and social media.
Things aren't going well down here. You may have heard
🤣
It is seriously the decent thing to do.
I'm sure you don't care what we bought down here, right?
asking for a friend
eh
Holiday destinations. It is a provincial decision. And we are seeing positive effects for renters in here in Victoria.
It's provincial level.
And AirBnBs.
I have renovictions on 3 sides of me. Bought by foreign investors.
All properties had long-term tenants. Couples, families, older people. All out. Now the units are expensive rentals, mostly short-term.
https://www.newsweek.com/airbnb-boycott-calls-joe-gebbia-elon-musk-doge-2033847
Please take housing out of the market, nix all foreign investment in housing. Let them invest in the commercial market.
People > Corporations
People need houses to live in.