SoVote

Decentralized Democracy

House Hansard - 57

44th Parl. 1st Sess.
April 25, 2022 11:00AM
Context: House Hansard - 57 - Apr/25/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Apr/25/22 2:46:06 p.m.
  • Watch
Mr. Speaker, let me remind the members opposite that S&P and Moody's have reaffirmed Canada's AAA credit rating and that we have the lowest debt-to-GDP ratio in the G7. When it comes to making life more affordable for Canadians, our budget has done so much. We are doubling the support provided through the first-time homebuyer's tax credit. We are introducing a multi-generational home renovation tax credit. We are providing $500 payment to those facing housing affordability challenges.
86 words
  • Hear!
  • Rabble!
  • star_border
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.
  • Watch
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!
112 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 57 - Apr/25/22
Mr. Darrell Samson
  • Apr/25/22 5:39:25 p.m.
  • Watch
Mr. Speaker, I know the member has talked in the House several times about first-time homebuyers. We are doubling the first-time homebuyer tax credit. This will see more investments, which is so important for young people. The money set aside, the $40,000, is tax-free and going toward the investment. It could bring prosperity to young people to increase that $40,000, if the investment is successful, of course. Those are key areas and pieces of some of the initiatives we have that we will bring forward as a government.
93 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 57 - Apr/25/22
Mr. Daniel Blaikie (Elmwood—Transcona, NDP)
  • Apr/25/22 5:55:57 p.m.
  • Watch
Mr. Speaker, I thank the member for his mention of the new homebuyer program. We have listened at the finance committee to some of the very real problems that exist in the housing market. This particular policy innovation, let us call it, is not something that we have heard a lot of people talking about or calling for. I wonder if the member would like to give some reflections on the kinds of housing policy items that would be constructive and would make a difference to make more housing available for more Canadians, versus the risk of a program that allows Canadians to save more money to put into a hot market with constantly escalating prices. The problem is that people continue to throw more money at the same houses in competition. What is the role of the government if not to try to tame that competition so that Canadians can get value for the money they have?
158 words
  • Hear!
  • Rabble!
  • star_border