The federal government has unveiled what it is calling their "plan to solve the housing crisis," outlining both steps they intend to take, as well as issuing a callout to other levels of government and homebuilders to roll up their sleeves.billions of dollars in spending commitments and is divided into three pillars: building more homes, making it easier to own or rent a home, and helping Canadians who can't afford a home.
One of the main ways the Liberals say they will build more homes is by bringing down the cost of homebuilding and making it easier for homebuilders to manufacture homes. And, the existing "Home Buyers' Plan" withdrawal limit will be increased by $25,000. That means the current $35,000 eligible buyers can withdraw tax-free from their RRSP to purchase their first home is being boosted to $60,000.All of this considered — increasing supply to help improve affordability while offering new rule and savings aids — not all Canadians will be able to afford a home.
"Trudeau’s vanity announcements and billion-dollar photo ops don't change the fact that his strategy has doubled housing costs over the last eight years," he said in a statement.NDP MP and housing critic Alexandre Boulerice said that Trudeau has contributed to the frustrations Canadians are feeling about housing affordability by "delaying measures to keep housing affordable.
As Poilievre sides with Smith on trans restrictions, former Conservative candidate says he's 'playing with fire' Eight wild buffaloes walked into low-lying power lines in western Kenya and were electrocuted, the national wildlife agency said Friday.The smalltooth sawfish, a critically endangered animal, is in even more danger than usual in the Florida seas. Six of the rare creatures washed up dead in the past seven days, officials reported Wednesday – a dramatic increase in mortality amid a mysterious die-off that has baffled scientists for months.
In his current form, it almost feels like nothing can stop Scottie Scheffler from clinching his second Masters crown – yet the world No. 1 may have a date with destiny that lies beyond Augusta National.Shohei Ohtani's ex-interpreter charged with stealing US$16M from baseball star in sports betting case
A rescue attempt to save a killer whale calf stranded in a remote tidal lagoon near Zeballos, B.C. is underway.The Canadian navy's Pacific fleet is set to take possession of its first Arctic patrol vessel, which arrives in British Columbia next week ahead of a formal commissioning ceremony.Metro Vancouver renters are spending nearly two thirds of their monthly income on rent – more than double the recommended rent-to-income ratio – a new report suggests.
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