We are not building enough homes to keep up with Canada’s growing population. This is a big part of why homes are getting harder and harder to afford.
There is also a lot of foreign money flowing into Canada’s housing market. Some of it is being funded through money laundering and the proceeds of crime as the inquiry currently going on in BC.
In other cases, foreign investors are sitting on the investments and leaving homes empty. This pushes up prices, putting homeownership out of reach for more and more Canadians.
The success of a federal housing strategy cannot be defined by the number of tax dollars spent, but by the number of Canadians who are able to access the home they need.
Implement our plan to build one million homes in the next three years
Review the extensive real estate portfolio of the federal government – the largest property owner in the country with over 37,000 buildings – and release at least 15% for homes
Provide more Canadians with a path to homeownership by making it easier for more families to get a mortgage
- Encourage foreign investment in affordable purpose-built rental housing for Canadians
- Stabilize the real estate market by increasing the number of homes being built and addressing unfair and corrupt practices that have driven up prices, such as money laundering
- Address the soaring cost of renting a home by partnering with municipalities and the private sector to bring new rental units into the market
- Be a reliable partner in addressing the housing needs of Indigenous communities and implement a “For Indigenous, By Indigenous” housing strategy in the spirit of reconciliation
Ban foreign investors from buying homes here if they are not planning to move to Canada