On housing PP wants to “remove beurocracy” for developers which means they can build what will maximize their profits with less regard for regulations, and with the huge demand for housing this allows them to cater to mid-upper range of home buyers and cut corners. Milton and north Oakille are good case studies for this strategy where it’s basically all dual-income managerial workers and white collar professionals living in blocked out subdivisions with cheaply made “luxury” homes.
Liberals just pulled their move today by waiving GST for rental unit developers but as usual it’s a pandering half-measure.
NDP share the tax GHT/HST waiving for renters in their housing policy on top of using under-utilized federal land to build social and co-op housing right away, as well as forcing developers to build affordable housing with the communities and municipalities having more say. They also want to extend CMHC insured mortgages for first-time buyers to 30 years so people’s monthly payments would be less. Although I think the down payment is the hurdle for most.
On housing PP wants to “remove beurocracy” for developers which means they can build what will maximize their profits with less regard for regulations, and with the huge demand for housing this allows them to cater to mid-upper range of home buyers and cut corners. Milton and north Oakille are good case studies for this strategy where it’s basically all dual-income managerial workers and white collar professionals living in blocked out subdivisions with cheaply made “luxury” homes.
Liberals just pulled their move today by waiving GST for rental unit developers but as usual it’s a pandering half-measure.
NDP share the tax GHT/HST waiving for renters in their housing policy on top of using under-utilized federal land to build social and co-op housing right away, as well as forcing developers to build affordable housing with the communities and municipalities having more say. They also want to extend CMHC insured mortgages for first-time buyers to 30 years so people’s monthly payments would be less. Although I think the down payment is the hurdle for most.