Prime Minister Justin Trudeau promises added incentives to the First-Time Home Buyers Incentive program, which provides Canadians up to 10 per cent off the purchase of their first home. (Kendra Crighton/News Staff)

Trudeau promises added incentives for first-time home buyers

Victoria, Vancouver and Toronto promised an increase in qualifying home prices to offset higher prices

The stage was set as the Liberal leader walked through a construction site in Saanich Thursday morning. From the seven Liberal candidates standing, smiling in the background to the three children with their parents playing beside the podium, the photo-ops were there and so was Justin Trudeau.

Opting to skip the first leaders’ debate on Day 2 of the election campaign, Trudeau was in Greater Victoria to announce added encouragement for the First-Time Home Buyers Incentive program, which provides Canadians up to 10 per cent off the purchase of their first home. If re-elected, the Liberal party promised to see the program expanded to give more help to people living in Greater Victoria or the greater Vancouver and Toronto areas, where the value of a qualifying home will be increased from $500,000 to nearly $800,000. In all three of those areas housing prices are up to 60 per cent higher than the national average.

READ ALSO: Minister says program promises help to first-time Victoria home buyers

In addition to the expanded incentives, is a one per cent annual tax for residential property owners who are not Canadian and do not live in Canada, on top of local taxes already in place. Canadians living abroad or permanent residents in Canada will not be affected.

Questioned as to why he didn’t tackle this issue in the budget, instead waiting for election time, Trudeau pointed to the National Housing Strategy launched in 2017 and added “there needs to be extra help” in certain areas where housing prices are significantly higher than the national average.

When asked why he was skipping the first debate of the federal election, taking place Thursday night in Toronto, Trudeau dodged the question by saying he was very happy to be in Victoria and was looking forward to being in Edmonton later in the day.

“I look forward to the opportunity to debate against my fellow leaders in the three occasions we’ll be doing this campaign,” Trudeau said.

READ ALSO: Liberals look to make home-buying more affordable for millennials: Morneau



kendra.crighton@blackpress.ca

Follow us on Instagram
Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Influx of cross-border visitors to Peace Arch Park sparks concern COVID-19 could spike

Police, parks officials say patrols, education and signage have all been increased

North Delta crime beat, week of May 17

A selection of property crimes submitted weekly by the Delta Police Department

COLUMN: For real leadership amid crisis, look west of Scott Road

Delta council, under direction of Mayor George Harvie, defines leadership during pandemic

UPDATE: Funding announced for pair of North Delta salmon conservation projects

Grants for Cougar Creek-related works by Burns Bog Conservation Society, Cougar Creek Streamkeepers

Delta playgrounds, basketball hoops, reopening June 1

Skate and bike parks in the city were reopened last week

Only four new COVID-19 cases, 228 active across B.C.

Health officials watching as activities ramp up

Feds looking at ways to reunite families amid COVID-19 border restrictions with U.S.

Some families with members of dual-citizenship have become separated due to the pandemic

Condition in kids with possible COVID-19 link being studied in Canada

This month, the U.S. Centers for Disease Control and Prevention issued an alert to doctors about MIS-C

‘I knew what he wanted’: Kootenay man spends hours in tree as black bear patrols below

Francis Levasseur is no stranger to the outdoors, but a recent run-in with a bear caused quite a scare

Facing changes together: Your community, your journalists

Importance of accurate, ethical reporting more critical than ever

COVID cancelled their wedding plans, so they married on a BC mountaintop

Ceremony was live streamed to friends and family around the world

Trudeau acknowledges racial unrest in U.S.; ‘We also have work to do in Canada’

‘Anti-black racism, racism, is real; it’s in the United States, but it’s also in Canada,’ Trudeau says

State of Local Emergency declared for Boundary as communities brace for river flooding

Warm weather and heavy rain could cause sections of Kettle River system to swell beyond 2018 levels

Large cruise ships barred from Canadian waters until end of October: Garneau

Last year 140 cruise ships brought more than two million visitors to Canadian ports

Most Read