By: Brad Vokins

Canada's Federal Election - Affordable Housing

Tags: election, liberal, conservative, affordable housing



With affordable housing out of reach for most first time home buyers. We turn to the Canada’s federal election in hopes to find a solution to this problem. 
Here is a little outline on what each party is trying to implement:  




Indeed, proposals like increasing 30 year amortization and the newly introduced First Time Home Buyer Incentive program by the Liberals, will help in making housing more affordable but we may find ourselves in the same predicament.  As you make it more affordable to purchase a home, then you will also see an increase in the demand for these homes causing the prices to increase.  This is making most experts push for government to free up land for development, which will help to increase supply and more affordable housing.

Brad Vokins

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