As they head off low polling numbers ahead of next year's election, Canada's governing Liberals have released a federal budget largely focussed on Canada's housing availability and affordability crisis. Urmi and John discuss the background and efficacy of the many measures proposed including: subsuming immigration policy and targets to housing realities, an increased capital gains tax that will hit some housing investors, an extended ban on foreign buyers, and a pile of supply-side policies that is aimed at yielding a net 2 million new homes by 2031. What - if anything - will actually work?
Today's Show Links:
The Liberal Government Federal Budget 2024: https://budget.canada.ca/2024/home-accueil-en.html
The Liberal Government's 2024 Housing Policy "Solving the Housing Crisis: Canada's Housing Plan": https://www.infrastructure.gc.ca/housing-logement/housing-plan-logement-eng.html
CMHC Housing Affordability Report: https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/research-reports/accelerate-supply/housing-shortages-canada-solving-affordability-crisis
John discusses the Federal Liberal Government 'Renter Bill of Rights': https://youtu.be/nZSipNZ6iZc?si=0hXsNGDxugrQEe6p
John discusses the Federal Government's Extension of Mortgage Terms to 30Y for First-Time Buyers of New Builds: https://youtu.be/OersDqVRNWg?si=71Y_mZ2IUWFHKUQ0
Connect with Us:
John Pasalis, President and Broker, Realosophy Realty, Toronto | Email: askjohn@movesmartly.com | Twitter: @JohnPasalis
Urmi Desai, Editor, Move Smartly | Email: editor@movesmartly.com | X-Twitter: @MoveSmartly
About This Show
The Move Smartly show is co-hosted by Urmi Desai, Editor of Move Smartly, and John Pasalis, President and Broker of Realosophy Realty. MoveSmartly.com and its media channels on YouTube and various podcast platforms are powered by Realosophy Realty in Toronto, Canada.
You can also watch this and every podcast episode on our MoveSmartly YouTube channel: https://www.youtube.com/movesmartly
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