The re-election of Justin Trudeau’s Liberals will likely result in help for first-time home buyers and potential new barriers for foreign real estate investors. The Liberal’s promises on housing included some expansion of its first-time buyer’s assistance program, and a one per cent tax on vacant homes owned by non-Canadians.
What we’re now very unlikely to see is the demand-side stimulus that was promised by both the NDP and the Conservatives in the form of longer amortization and potential easing of the stress test. Many pundits feel that’s a good thing because such policies could have pushed prices up further.
No comments:
Post a Comment