Liberal Housing Platform

Supply

➤ 1.4 million homes in 4 years
↳ $4 billion dollar accelerator fund for cities
↳ Indigenous housing strategy promised
↳ $2.7 Billion over 4 years to National Housing Co-investment Fund
↳ $600 million for office space conversion
↳ Additional $567 Million to end chronic homelessness ($2.2 billion previously committed)
➤ 2 year ban on foreign, non-resident purchases of residential property (excl. recreational)
➤ Flipper tax - 100% capital gains tax if owned < 12 months

Qualification

➤ Modification to the First-Time Homebuyer Incentive to allow an option for shared equity or deferred loan (currently shared equity)
➤ Increase insurance eligibility cap to $1.25 million, indexed to inflation
↳ 25% Mortgage insurance premium reduction

Anti-Fraud & Crime Measures

➤ Beneficial Ownership Registry
➤ New Federal Crimes Agency - anti-fraud and money laundering measures

Financial Assistance

➤ Double the Home Buyers tax Credit
➤ $40,000 tax free First Home Savings Account
➤ Reno tax credit of 15% (max $50,000 / $7,500) for family members
➤ Rent to Own Program - $1 Billion

Miscellaneous

➤ Stop excessive profits in the Financialization of Housing - possible new REIT tax 
➤ Discourage Renovictions, possible new rental income tax regime
➤ Home Buyers' Bill of Rights:
↳ ban on blind bidding
↳ disclosure of representation of both buyer and seller by same realtor
↳ Right to a home inspection
↳ Require consumers to be informed of options, including FTHBI
↳ Lenders must provide up to 6 month mortgage deferral for life events

For the entire platform visit: https://liberal.ca/our-platform/