Proposed cap is a 5% non-permanent resident cap, and a cap of 1% annual population growth (416k). A 14% cut from last years numbers, a 53% increase over 2015.
Proposed cap is a 5% non-permanent resident cap, and a cap of 1% annual population growth (416k). A 14% cut from last years numbers, a 53% increase over 2015.
Which is… What the liberals are proposing aswell? See, the liberals and the NDP and every other party except the conservatives have the bandwidth to actually do multiple things at once. Bring the rate of immigration down and raise the rate of home building up, and then we can slowly increase immigration for those who have the skills we need
The Liberal and Conservative housing plans aren’t so dissimilar. The NDP are the ones proposing non-market housing solutions.
There are similarities for sure between the Liberal and Conservative plans, but only the Liberal plan involves the federal government directly involved in the building of homes through the Build Canada Homes program. I see that as a significant difference that should eliminate some of the major friction that has prevented increasing supply.
Indeed kudos to the NDP for addressing this directly.
The conservatives want the GST off ALL new homes. The liberals just want the GST of First time home buyers buying new homes. The conservatives plan is just a 5% break for rich people buying houses, the liberals housing plan might actually see the new houses being built as affordable for first time home buyers over 30yrs with 5% down.
Yes they’re extremely similar policies and even that isn’t as black and white, although the Conservative plan benefits rich people and companies buying multiple homes it also benefits old people downsizing and freeing up their previous homes.
Both only affect new builds which are a tiny fraction of home sales.
Here’s a good analysis https://youtu.be/x5pPxhTNmqA
and another that includes the NDP
https://youtu.be/1k6hWGQ83l4