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What the Liberal Party would do for our industry

The Liberals have focused on rental, affordable and seniors' housing policies


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October 19, 2015 by Steve Payne

The Liberals have chosen to focus on rental, affordable and senior housing construction via developers and builders, and home renovation aimed at ‘change of life’ events:

*Pledge $125 million per year in tax incentives for landlords and developers to build and renovate rental units in order to make investment in affordable housing and residences for seniors.

*Increase the new residential rental property rebate on the GST to 100 percent, eliminating all GST on new capital investments in affordable rental housing.

*Direct the Canada Mortgage and Housing Corporation and the new Canada Infrastructure Bank to provide financing to support construction by the private sector, social enterprises, co-ops, and the not-for-profit sector of new, affordable rental housing for middle- and low-income Canadians

*Modernize the existing Home Buyers’ Plan to help more Canadians finance the purchase of a home and by allowing Canadians impacted by sudden and significant life changes, such as job relocation, the death of a spouse, marital breakdown, or a decision to accommodate an elderly family member, to access and use money from their Registered Retirement Savings Plan to buy a house without tax penalty.


Steve Payne

Steve Payne

Steve Payne is the editor of Canadian Contractor magazine
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1 Comment » for What the Liberal Party would do for our industry
  1. Mark Mitchell says:

    Its great that they all seem to support affordable housing, and its construction, but I don’t see anyone promising to reduce red tape and other local/provincial barricades to actual building. This affordable seniors housing project we are working on in Barrie was delayed at the municipal level for 18 months. Endless inspections and soil samples, and site plans, and MOE paperwork has driven the owner completely mad, and swears he will never build here again. So are the Federal candidates REALLY for building affordable housing? Or is it just something they fill their fart catchers with?