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
Conservative Party of Canada
- 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.
New Democratic Party of Canada
- 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.
Green Party of Canada
- 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.