2019 Canadian Federal Party housing platforms PEI Fight for Affordable Housing

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Liberal Party of Canada

Expand the First-time Home Buyer Incentive for people in Victoria, Vancouver and Toronto from $500,000 to $800,000 for a qualifying home. Add a one per cent annual tax on residential properties owned by those who are not Canadians and who do not live in Canada
Provide a retrofit interest-free loan of up to $40,000 to home owners and landloards. Help homeowners and landlords pay for retrofits by giving them an interest-free loan of up to $40,000
Provide a grant of up to $5,000 for the purchase of newly built net zero homes.Help people buy newly built homes that are certified zero-emissions by giving them a Net Zero Homes Grant of up to $5,000
Create a low-cost national flood insurance program
Make Energy Star appliance certification mandatory, as of 2022
Give interested homeowners and landlords a free energy audit
Retrofit 1.5 million homes, over the next five years

Increase amortization periods on insured mortgages to 30 years for first-time homebuyers.
Launch inquiry into money laundering in real estate.
Remove stress test for mortgage renewals.
Make surplus federal real estate available for development to increase the supply of housing.

Create 500,000 units of quality, affordable housing in the next 10 years.
Double the Home Buyer’s tax credit to $1,500 for first-time buyers.
Remove GST/HST on the construction of new rental units.
Re-introduce 30-year terms to Canada Mortgage and Housing Corporation (CMHC) insured mortgages for first time home buyers.
Add $5 billion to spending on affordable housing in the first 18 months in office.
Set up “fast-start” funds available to communities to kick-start construction of co-ops, social and non-profit housing; amount not specified.
Invest $40 million over four years in the Shelter Enhancement Program.

Legislate that housing is a legally protected fundamental human right for all Canadians and permanent residents.
Increase the National Housing Co-investment Fund by $750 million for new builds, and the Canada Housing Benefit by $750 million for rent assistance for 125,000 households.
Get rid of the first-time homebuyer grant.
Restore tax incentives for building purpose-built rental housing.
Remove “deemed” GST when a developer with empty condo units puts them on the rental market.
Change the legislation that stops Indigenous organizations from accessing financing through CMHC.
Re-focus the core mandate of Canada Mortgage and Housing Corporate (CMHC) on supporting the development of affordable, non-market and cooperative housing, as opposed to its current priority of supporting Canadian lenders to de-risk investment in housing ownership. With many housing markets demonstrably overvalued, and homeownership rates among the highest in the world, individual homeownership should not be the preoccupation of a public service housing agency and a national housing strategy.