Politics Briefing: Federal budget to promise $10-billion to make housing more affordable

Bringing Ottawa’s deficit back down to size might not carry the same heroic cachet as rapidly expanding it to stare down a pandemic. But the task might be nearly as important for the country’s long-term economic health – and more urgent than some policy makers would like to think. The federal government goes into Thursday’s budget coming off a year in which it planned for a deficit of $145-billion .

on what federal Environment Minister Steven Guilbeault isn’t saying about Ottawa’s plan to slash oil sector emissions:The United Nations Secretary-General did not beat around the bushes in identifying the villains that are holding up efforts to cut greenhouse gases after the UN’s Intergovernmental Panel on Climate Change released its latestidentifying pathways to decarbonation.

“Canada’s federal government talks a big game when it comes to reconciliation – always with a capital “R” for emphasis and importance. But when it comes to moving from words to action, that big game often slows to a snail’s pace. For First Nations in the North Pacific Coast, one historical challenge has been the decline of fisheries that we rely on – owing to Canada’s unsustainable management practices.

The liberal government is classic for making it look grand. Average house has doubled. Down payment is 20 percent of 800k which is the average price of a house. Who has that kind of money? Can't fix stupid. They don't give a shit about most Canadians

This housing plan is a joke. It hands our keys to the Chinese. Housing can be made affordable if interest rates were set above the inflation rate. Time to normalize and allow capitalism to function efficiently.

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Federal budget 2022 to include $10-billion for affordable housingFinance Minister Chrystia Freeland will also unveil a small business tax break, green initiatives and $8-billion in new military spending 100k new homes means nothing if the urban planning around them isn't walk/transport-centric and the economy is still asset based. how much of those homes are allocated towards affordability projs and NOT lotteries? I see the LiberalsNDP are espousing thier propaganda blaming housing prices on foreign buyers. It was LiberalsNDP largese forCERBEI had people sitting on money started bidding war's for housing INFLATION.BoC low interest rate had people borrowing money for housing and renovations All the people who had to pay way too much for their homes over the last 5 years are going to love subsidizing other people’s house too.
Source: globeandmail - 🏆 5. / 92 Read more »

CTV National News: Feds’ ban on foreign homebuyersThe 2022 federal budget will propose a two-year ban on foreign homebuyers as part of a $10-billion housing plan. Joyce Napier reports. Poll: Ban longer? Not long enough 5 reasons why Prices are going up and 10 things will be more expensive till the end of 2022
Source: CTVNews - 🏆 1. / 99 Read more »

Opinion | Ottawa will ban foreigners from buying homes in Canada in $10B plan to tackle soaring house pricesThe federal government’s budget will put $10 billion into breaking the back of unaffordable housing, Heather Scoffield writes. a little too late!!! So investment companies can no longer buy houses too, or are foreigners still allowed to invest in them? now go after the slum lords that are buying houses all over Canada and turn them into shitty student housing JustinTrudeau
Source: TorontoStar - 🏆 60. / 55 Read more »