Prime Minister Justin Trudeau promises added incentives to the First-Time Home Buyers Incentive program, which provides Canadians up to 10 per cent off the purchase of their first home. (Kendra Crighton/News Staff)

Trudeau promises added incentives for first-time home buyers

Victoria, Vancouver and Toronto promised an increase in qualifying home prices to offset higher prices

The stage was set as the Liberal leader walked through a construction site in Saanich Thursday morning. From the seven Liberal candidates standing, smiling in the background to the three children with their parents playing beside the podium, the photo-ops were there and so was Justin Trudeau.

Opting to skip the first leaders’ debate on Day 2 of the election campaign, Trudeau was in Greater Victoria to announce added encouragement for the First-Time Home Buyers Incentive program, which provides Canadians up to 10 per cent off the purchase of their first home. If re-elected, the Liberal party promised to see the program expanded to give more help to people living in Greater Victoria or the greater Vancouver and Toronto areas, where the value of a qualifying home will be increased from $500,000 to nearly $800,000. In all three of those areas housing prices are up to 60 per cent higher than the national average.

READ ALSO: Minister says program promises help to first-time Victoria home buyers

In addition to the expanded incentives, is a one per cent annual tax for residential property owners who are not Canadian and do not live in Canada, on top of local taxes already in place. Canadians living abroad or permanent residents in Canada will not be affected.

Questioned as to why he didn’t tackle this issue in the budget, instead waiting for election time, Trudeau pointed to the National Housing Strategy launched in 2017 and added “there needs to be extra help” in certain areas where housing prices are significantly higher than the national average.

When asked why he was skipping the first debate of the federal election, taking place Thursday night in Toronto, Trudeau dodged the question by saying he was very happy to be in Victoria and was looking forward to being in Edmonton later in the day.

“I look forward to the opportunity to debate against my fellow leaders in the three occasions we’ll be doing this campaign,” Trudeau said.

READ ALSO: Liberals look to make home-buying more affordable for millennials: Morneau



kendra.crighton@blackpress.ca

Follow us on Instagram
Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Fire closes 16 Ave at 248 Street in South Langley

Crews are on scene and are asking commuters to use an alternate route

Tax hikes possible in Township as budget talks begin

Just “keeping the lights on” could cost 4.12 per cent in tax increases

LETTER: South Langley resident waiting for reliable climate data

He doesn’t consider himself a denier but doubts tax dollars will solve climate change

VIDEO: Saying goodbye to the snow in Langley

People got their sleds out for one last run

Langleyites get their say about proposed community gardens at Rotary Centennial Park

38 plots and an additional eight garden spaces have been put forth for Langley City park

VIDEO: Soldiers trade rifles for snow shovels to help dig out St. John’s

A state of emergency is set to extend into a fifth day

Ski dies at Fernie Alpine Resort

It’s the second person to die in a tree well at a ski resort in B.C. in the past week.

Warm ‘blob’ could be behind mass starvation of North Pacific seabirds: study

Unprecedented death toll raises red flag for North American marine ecosystems

VIDEO: Vancouver Island mom shares ‘insane’ experience of viral dinosaur video

Tabitha Cooper filmed her costumed sons meeting their grandma at the Victoria International Airport

Vancouver Island home to one of Canada’s largest private skateboard collections

Eric Pinto owns hundreds of boards, spanning multiple decades

Convicted Fraser Valley con man facing 39 charges in Vancouver area

Donald Quinnell got four years prison in 2015, again facing fraud, theft, stolen credit card charges

Police seize nearly 50 kilos of drugs in Surrey

Police say this has taken perhaps millions of deadly doses of fentanyl and other drugs off the streets

Young child seriously injured in suspected drunk driving crash in Delta

“This needs to stop,” says Insp. Ciaran Feenan, head of the Delta Police Department’s patrol section

Most Read