How Canada 🇨🇦 Plans to Solve the Housing Crisis Once and For All! 🏡
Apr 05, 2025 10:00 am
From Family to Listings: The Joy of Bringing My Son to Work
One of the things I love most about being a realtor is that my work is more than just buying and selling homes—it’s about people, families, and the memories we create along the way. And what better way to share that experience than by bringing my own son along for the journey?
In these moments, he gets to see firsthand what I do: preparing homes for listing, working with talented photographers, and collaborating with amazing homeowners who are getting ready for their next chapter. Recently, we spent the day helping a wonderful homeowner stage their space for professional photography. Alongside a skilled photographer, we made sure every detail was just right to showcase the home in its best light.
Real estate isn’t just about transactions—it’s about connection, community, and helping families achieve their dreams. Whether it’s finding the perfect home or making the selling process smooth, I’m here to guide my clients every step of the way.
In our latest video of @TorontoPinoyRealtor, we dive into the housing policies proposed by the current Liberal Prime Minister Mark Carney and the leader of the opposition Rt. Hon. Pierre Poilievre.
✅ Summary of the Conservative Housing Plan under Pierre Poilievre:
Pierre Poilievre, leader of the Conservative Party of Canada, has proposed the Canada First Reinvestment Tax Cut, a policy aimed at eliminating capital gains taxes when proceeds are reinvested within Canada. This initiative seeks to encourage investment in sectors such as homebuilding, manufacturing, mining, and small businesses, with the broader goal of fostering economic independence from the United States.
✅ Relation to 🇨🇦 Canadian Real Estate 🏡:
The proposed tax cut could significantly impact the Canadian real estate market by:
1. Stimulating Housing Development: By removing capital gains taxes on reinvested proceeds, developers and investors may be more inclined to fund new housing projects, potentially increasing the housing supply and addressing affordability issues.
2. Encouraging Domestic Investment: Investors might prefer to keep their capital within Canada, leading to increased funding for local real estate ventures and infrastructure projects.
3. Enhancing Market Liquidity: With reduced tax liabilities, property owners may be more willing to sell and reinvest, leading to a more dynamic and fluid real estate market.
✅ Summary of the Liberal Housing Plan under Mark Carney:
Context:
Like during WWII, Canada is now facing a major housing crisis. The Liberals aim to double residential construction over the next decade to build 500,000 homes annually, with support from both public and private sectors.
🏗️ Key Highlights of the Plan:
1. Build Canada Homes (BCH) – A New Federal Housing Developer
- Mandate: BCH will act as a developer to build affordable housing on public lands.
- Functions:
- Build and manage large-scale housing projects.
- Partner with builders for construction.
- Take over affordable housing programs from CMHC.
- Acquire land and offer long-term leases for affordable housing.
2. Catalyzing a New Housing Industry
- $25B in debt financing and $1B in equity for Canadian prefab/modular builders.
- Bulk orders to create steady demand and reduce build time (by 50%), cost (by 20%), and emissions.
- Emphasis on Canadian-made materials like softwood lumber and certified wood.
- Supporting apprenticeships and skilled trades.
3. Financing Affordable Builds
- $10B in low-cost financing:
- $4B for long-term loans to builders.
- $6B for deeply affordable and supportive housing (including for students, seniors, and Indigenous communities).
- Targets for reducing homelessness in partnership with provinces.
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LOWEST MORTGAGE RATES:
VARIABLE: 5 YR HIGH RATIO P‐.91%
5 YR CONVENTIONAL P‐0.71%
FIXED 1 YR: 5.24%
FIXED 2 YRS: 4.79%
FIXED 3 YRS: 3.87%
FIXED 4 YRS: 4.34%
FIXED 5 YRS: 3.99% (High Ratio) ⬅ LOW RATE, LOW MONTHLY PAYMENTS!
FIXED 5 YRS: 4.34% (Conventional)
We have access to BEST RATES! Working with refinances/debt consolidation mortgages since 2008. Call me at 416-670-8598! Even if your bank says no, we can help you explore other options & help you find a solution.
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