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.