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Decentralized Democracy

House Hansard - 57

44th Parl. 1st Sess.
April 25, 2022 11:00AM
Context: House Hansard - 57 - Apr/25/22
Hon. Ahmed Hussen (Minister of Housing and Diversity and Inclusion, Lib.)
  • Apr/25/22 2:47:16 p.m.
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Mr. Speaker, budget 2022 actually does four things. We are seeking to double the supply of new housing in the next decade by introducing programs such as the housing accelerator fund. We are helping first-time homebuyers with a tax-free savings account of up to $40,000, by doubling the first-time homebuyer tax credit and by extending the first-time homebuyer incentive. In addition to that, we are tackling speculation by banning foreign ownership of Canadian residential real estate. We are building more affordable housing by investing in co-op housing, extending the first-time homebuyer incentive and extending the tax-free homebuyer savings account. Some hon. members: Oh, oh!
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Context: House Hansard - 57 - Apr/25/22
Hon. Ahmed Hussen (Minister of Housing and Diversity and Inclusion, Lib.)
  • Apr/25/22 2:53:00 p.m.
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Mr. Speaker, I invite the hon. member to read the entire budget, because the budget actually doubles down on so much more housing supply in Canada: 6,000 more co-op housing units, new housing— Some hon. members: Oh, oh!
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Context: House Hansard - 57 - Apr/25/22
Hon. Ahmed Hussen
  • Apr/25/22 2:53:21 p.m.
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Mr. Speaker, the reason they cannot handle my answer is that we called them out on their plan— Some hon. members: Oh, oh!
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Context: House Hansard - 57 - Apr/25/22
Hon. Ahmed Hussen
  • Apr/25/22 2:53:37 p.m.
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Mr. Speaker, our budget contains a lot of measures to build more housing supply: 100,000 new homes through the housing accelerator fund, 6,000 more homes through new co-op buildings, 6,000 more homes through the rapid housing initiative and 20,000 more homes through the national housing co-investment fund. That is the supply we are taking about.
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Context: House Hansard - 57 - Apr/25/22
Hon. Ahmed Hussen (Minister of Housing and Diversity and Inclusion, Lib.)
  • Apr/25/22 2:54:37 p.m.
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Mr. Speaker, in budget 2022, housing measures and investments deal with precisely what the hon. member is talking about: making sure that we double the housing supply in this country. Canada has the fastest-growing population in the G7, but our housing supply has not kept up with that. We are implementing the housing accelerator fund to build 100,000 new homes. We are helping first-time homebuyers by establishing programs like the tax-free savings account so they can put $40,000 in a tax-free savings account. We are building more affordable housing and we are tackling speculation. The party opposite failed Canadians in government and it is failing them on housing now.
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Context: House Hansard - 57 - Apr/25/22
Hon. Ahmed Hussen (Minister of Housing and Diversity and Inclusion, Lib.)
  • Apr/25/22 2:56:05 p.m.
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Mr. Speaker, once again I will take this opportunity to unequivocally state that our government is not considering charging capital gains tax on primary residences. Any suggestion otherwise is false. The party opposite has repeated this misinformation and disinformation in the House and in the media. Instead of engaging in disinformation, we engaged in building more affordable homes and making more first-time homebuyers achieve their dream of home ownership.
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