Liberal platform
- Introduce First Home Savings Accounts for Canadians under 40 to save up to $40,000 toward their first house; deposits and withdrawals are tax-free. (source)
- Give $1 billion in grants and loans to develop rent-to-own projects. (source)
- Add the option of a deferred mortgage loan to the First Time Home Buyer Incentive. (source)
- Reduce the price of home insurance by the Canada Mortgage and Housing Corp. by 25 per cent(source)
- Double the Home Buyers Tax Credit to $10,000. (source)
- “Build, preserve or repair” 1.4 million homes in four years, including more than doubling the funding to the National Housing Co-investment fund to $2.7 billion over four years and introducing a Multigenerational Home Renovation tax credit for families adding secondary units for relatives. (source)
- Introduce a Home Buyers’ Bill of Rights that will ban blind bidding, create a legal right to a home inspection and ban new foreign ownership of homes for two years. (source)
- Introduce a national tax of one per cent annually on the value of non-resident, non-Canadian owned residential real estate that is vacant or underused (source)
- $2.5 billion and reallocate $1.3 billion in existing funding to help build, repair or support 35,000 housing units. (source)
- Reallocate $300 million from the Rental Construction Financing Initiative to help convert excess commercial property to rental housing. (source)
Conservative platform
- Build a million homes in three years by switching 15 per cent of federal real estate to housing; incentivize the private sector to give land for affordable housing; require higher density near federally funded transit. (source)
- Alter the “mortgage stress test” requirements to help contractors, casual workers etc.; remove stress test for homeowners switching mortgage lenders. (source)
- Create a federal residential ownership registry. (source)
- Stop foreigners who don’t live in or aren’t moving to Canada from owning homes for two years. (source)
- Increase the Home Accessibility Tax Credit to $10,000 per person. (source)
NDP platform
- Work toward ending homelessness within a decade. (source)
- Spend $14 billion building 500,000 units of affordable housing in the next 10 years—half of them in the next five. (source)
- Establish “fast-start funds” to streamline the application process to stimulate the creation of more co-op and non-profit social housing. (source)
- Enact a 20 per cent Foreign Buyer’s Tax on the sale of homes to non-Canadian citizens or permanent residents. (source)
- Provide up to $5,000 in annual rent subsidies for families (source)
- Tighten rules on loans by the Canada Mortgage and Housing Corporation to help stop “renovictions.” (source)
- Waive the federal portion of the GST/HST on the construction of new affordable rental units. (source)
- Reintroduce 30-year terms for mortgages backed by the Canada Mortgage and Housing Corporation for “entry-level homes,” which the party says will allow for smaller monthly payments. (source)
- Double the Home Buyer’s Tax Credit to $1,500. (source)
- Provide model co-ownership agreements and offer CMHC-backed mortgages for co-ownership of homes. (source)
- Establish a “public beneficial ownership registry” to increase transparency about property ownership, with the aim of fighting money laundering, and require the reporting of suspicious transactions. (source)
Green platform
- Apply tax on corporate owners of unoccupied residences, in addition to currently taxed foreign homeowners. (source)
- Redefine the formula for “affordable” housing. (source)
- Boost housing benefits, a federal-provincial program for rental assistance (source)
- Appoint a Minister of Housing (source)
- Appoint a federal housing advocate (source)
- Declare homelessness and housing “national emergencies” (source)
- Build and acquire at least 300,000 units of deeply affordable co-op and non-profit housing over 10 years (source)