Tories promise less building tax on new homes
"We will restore the promise of home ownership, we will remove the bureaucracy to make it happen," Poilievre said
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OTTAWA — The Conservatives announced their latest plan to make homebuying more affordable to Canadians.
Speaking at a campaign stop in Milton, Ont., Conservative Leader Pierre Poilievre revealed a plan they say will help potential homebuyers save $100,000 on a new home.
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“If you work hard, you can afford a beautiful home on a safe street in a thriving community under our proud flag,” Poilievre said.
“We will restore the promise of home ownership, we will remove the bureaucracy to make it happen.”
The Conservatives plan includes giving incentives to municipalities to ease up on building taxes, which they say will save $100,000 on an average home.
As well, a Conservative government would reimburse 50 cents to municipalities for every dollar in tax relief offered, to a maximum of $50,000 per home.
Thursday’s announcement adds to the Tory housing platform, which previously announced an end to sales tax on new homes valued up to $1.3 million.
Under the current system, more money spent on new homes goes to bureaucrats rather than homebuilders.
“Here in Toronto, development charges and building taxes have gone from $30,000 to $140,000, across Canada, development charges are up $27,000 in the last two years,” he said.
“These government costs are passed on to homebuyers, turning the dream of home ownership into a nightmare.”
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