NDP Housing Platform

Supply

➤ 500,000 affordable units over 10 years, 50% in 5 Years
↳ create a fast-start fund to streamline project start ups
↳ dedicate federal resources and lands
↳ waive the federal GST on construction of affordable rental units
➤ 20% Foreign Buyers Tax for non citizens / non-permanent residents
➤ Flipper tax – capital gains increase from 50 to 75%

Qualification

➤ 30-Year Amortizations for First Time Buyers for Starter Homes
➤ Easier co-ownership funding through CMHC

Anti-Fraud & Crime Measures

➤ Beneficial Ownership Registry
➤ Additional anti-fraud and money laundering measures

Financial Assistance

➤ Double the Home Buyers tax Credit

For more information: https://www.ndp.ca/commitments