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Federal Liberals’ plan to help first-time homebuyers to kick in weeks before election – Summerland Review

Federal Liberals’ plan to help first-time homebuyers to kick in weeks before election. Ottawa to pick up 5% of a mortgage on existing homes for households that earn under $120,000 a year No business case for trans mountain expansion , says former environment minister.

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We will make it easier for Canadians to find an affordable place to call home. As part of our new, ten-year investment of nearly $20 billion in social infrastructure, we will prioritize significant new investment in affordable housing and seniorsfacilities. We will undertake a review of escalating home prices in high-priced markets – like Vancouver […]

Posted on October 27, 2015 by. The new Liberal government is introducing a number of updates for household finances – and one of them will change the game for first-time home buyers. A slew of expansions are slated for the Home Buyer’s Plan, which currently allows first-time buyers to pull up to $25,000 from RRSPs to fund their home purchase.

Waiving the Land Transfer Tax for First-Time Homebuyers. In fact, homebuyers typically spend up to 4 percent of a home’s purchase price on closing costs. The biggest one is land transfer tax. Last year the ontario liberals doubled the maximum provincial land transfer tax rebate for first-time homebuyers, but in my opinion that doesn’t go far enough.

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The federal election is set for October. There are no guarantees in politics but polls show the Liberals and leader Justin Trudeau are not setting the country’s voters on fire. "This will help.

– Peninsula News Review – · Federal Liberals’ plan to help first-time homebuyers to kick in weeks before election Ottawa to pick up 5% of a mortgage on existing homes for households that earn under $120,000 a year B.C. VIEWS: When farmland protection doesn’t protect farmers