Liberals stake their reputation as inflation-fighters on help for home buyers in budget 2022

Inflation today is caused by low interest rates, tangled global supply chains, disruptions related to war in Ukraine and the many households eager to spend money after two years of pandemic lockdowns., but it has to act like it can. So while the word “inflation” appears 86 times in the document released Thursday, the only fresh, highlighted measure that isn’t connected to housing is coverage for dental care, which starts this year for children under 12 in lower income families.

This new account is an answer to the practical question of what savings and investing vehicle is best for people getting a down payment together – TFSA or RRSP? Once the FHSA is introduced next year, it will make sense to use it first and then, once you contribute the maximum $40,000, move on to a TFSA.

There is now a race on to see which financial firms are first to introduce first-time home accounts and what investment options they offer. Stocks are all the rage these days, but they’re a treacherous way to build a down payment for a house you plan to buy within five years. A high-rate savings account would be a safer option, but alternative banks have so far been slow to reflect rising interest rates in the returns they offer.

A housing affordability measure introduced previously, the First-Time Home Buyer Incentive has been a bit of a dud, with take-up below expectations. Budget 2022 proposes to extend the incentive until March 31, 2025, and make it more appealing to use.

The white washing 'Transactional' hits a 'deal' with Bay street and the Media...canadians are probably in for 3 more years of no-nonsense propaganda, fake pandemic measures, and climate 'change' economic sanctions...

She's not even our Finance Minister. Her rogue investigative reporting/economist husband is. She has no financial background..her husband does tho. He's kind of a mystery. Weird or what. Hey, at least she studied Russian Literature. For what reason.. who knows. Useless

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Liberals earmark $4-billion in 2022 budget to improve housing in Indigenous communitiesFederal budget includes more than $4-billion over seven years for spending on Indigenous housing, but the budget pledge falls far short of what advocacy organizations say is needed to reverse decades of neglect Uh huh.
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