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House Hansard - 84

44th Parl. 1st Sess.
June 8, 2022 02:00PM
Context: House Hansard - 84 - Jun/8/22
Mr. Dane Lloyd (Sturgeon River—Parkland, CPC)
  • Jun/8/22 7:47:07 p.m.
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  • Re: Bill C-19 
Madam Speaker, I get two questions in a row. My second question for the member is about the first home savings account, we know that young, working families simply cannot afford to put away $40,000 into a savings account. What we are going to see with this program is the children of very wealthy people whose parents are giving them the money to put into the first home savings account will be the ones who benefit the most. Does the member think it is appropriate for taxpayers to be subsidizing the children of the wealthiest 1% to buy their first homes?
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Context: House Hansard - 84 - Jun/8/22
Mr. Francesco Sorbara
  • Jun/8/22 7:47:49 p.m.
  • Watch
  • Re: Bill C-19 
Madam Speaker, on the situation with housing affordability in Canada, we need more housing supply. The plan we have put forward is a holistic plan. It is a plan that will need collaboration with provinces municipalities and regions to increase housing supply. It is a plan that targets the froth in the housing market with banning foreign purchases, the anti-flipping measures that we have put in place, and the $4-billion home accelerator fund. We have put in place a lot of measures in the BIA, including the measure the member talked about, to allow first-time homebuyers to actually save. If someone is a young, downtown professional and they need to save for a first home, this is going to be a great measure and great vehicle for them to do that. This is much like the tax-free savings accounts, which millions of people have used year after year. This is going to be another measure for Canadians to utilize and leverage, and I am so happy to see it in Bill C-19.
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