Housing is expected to be a noteworthy campaign issue ahead of October's federal election.
Liberals Looking to Make Home-Buying More Affordable for Millennials: Morneau
Posted On: Thursday, February 14, 2019
The Trudeau government is looking for ways to make home-buying more affordable for millennials, according to what Finance Minister Bill Morneau
said during his pre-budget public events in the Toronto suburbs.
According to Morneau, the Liberal
government has focused on three housing-related issues since their run from 2015 till now:
1. Canada's shortage of affordable housing
2. A run-up in real-estate prices in some markets
3. Ensuring millennials can afford homes
Morneau states that the federal government has already attempted to increase affordable housing by introducing stress tests that limit some people's ability to take out big mortgages.
"The middle part — the big middle part — is the affordable housing for millennials,'' said Morneau, who will release his election-year budget in the coming weeks that will also lay out Liberal platform commitments.
"That's a real challenge and there's multiple things we're looking at in order to think about how we can help in that regard.''
Higher price tags in some markets have created concerns among younger homebuyers hoping to borrow money to purchase homes.
Conservative MP Karen Vecchio argued in a statement Tuesday that Trudeau government policies, including its carbon tax, have made housing less affordable.
"Justin Trudeau's policies are making life more expensive for Canadians, pushing their dream of owning a home further and further away,'' Vecchio said.
The subject on housing is expected to be a noteworthy campaign issue ahead of October's federal election.
Credits: Excerpts Taken From
Andy Blatchford · Huffington Post · Posted: Jan 22, 2019 16:09 EST | Last Updated: Jan 22, 2019 19:54 EST