Liberals
- The Liberals haven't released their election platform yet, but we can glean some clues from the government's 2021 budget, which doubles down on the government's National Housing Strategy introduced in 2017.
- The budget included a commitment of $2.5 billion to create 35,000 affordable housing units, $1.5 billion of which is dedicated to the government's "rapid housing initiative," which seeks to build new affordable housing units much faster than is typically possible.
- The Liberals also proposed a new tax targeting "underused" housing.
Conservatives
- The Conservatives' election platform features a plan to build one million homes over three years, the conversion of at least 15 per cent of federal government property into housing and the creation of an Indigenous housing strategy.
- A Conservative government would also bar foreign investors who are not living or moving to Canada from buying a home for at least the next two years.
- The party also wants to encourage the offering of seven-to-10-year mortgages and to make tweaks to stress test and insurance requirements to help people qualify more easily for financing.
NDP
- The NDP's housing platform is centred on a proposal to build 500,000 affordable homes over the next 10 years.
- The party is also proposing a 20 per cent foreign buyer's tax on the sale of homes to individuals who are not Canadian citizens or permanent residents.
- To help buyers get into the market, the party is also proposing the creation of 30-year mortgages insured by the Canada Mortgage and Housing Corporation.
Green Party
- The Green Party has not released its 2021 election platform yet, but the party has recently advocated for the federal government to redefine affordable housing using an updated formula.
- The Greens have also proposed stronger regulation of foreign investments in real estate, and the creation of a federal "empty home tax" that would apply to foreign and corporate property owners who leave units vacant.