Leftbank condos price list. The future of house prices in Canada. On the second day of Canada’s 2019 general election campaign, Justin Trudeau, the leader of the ruling Liberal Party and seeking re-election as prime minister, said that once the Liberal Party wins the election, it will introduce a “foreign buyer tax” across Canada to calm house prices.Please Visit: Leftbank condos price list to Get Your VVIP Registration Today!
On the 12th local time, the Liberal Party team campaigning in Victoria, British Columbia, promised to introduce new measures to help Canadians who buy homes for the first time if they win the election. Trudeau admits that rising house prices and a shortage of houses are putting more pressure on the younger generation in Canada. He believes that the speculation of foreign property buyers on the housing market in recent years has posed a major challenge to the market.
Mr Trudeau’s campaign promises include incentives for first-time home buyers of up to 10 per cent, an increase in first-time mortgage loans in greater Toronto, Vancouver and Victoria, and a nationwide speculative and vacancy tax on non-Canadian citizens or non-Canadian residents.
Trudeau told the media that the planned “foreign buyer tax” rate was 1% a year.
At present, British Columbia, where Vancouver is located, and Ontario, where Toronto is located, have implemented a 20% and 15% real estate “foreign buyer tax” respectively.
This year is the Canadian election year. Canadian Governor General Payette today approved Trudeau’s proposal to dissolve the Federal Parliament. As a result, the election campaign for the 43rd federal general election in Canada was officially launched. The polling day for the general election is October 21.
The first televised debate among party leaders after the election campaign is scheduled to be held in Toronto on the evening of the 12th, but Trudeau will not attend the debate.
After the campaign began, there was an “interlude”. After Trudeau’s campaign plane landed in Victoria, the first stop of his campaign itinerary on the evening of the 11th, the wing was scraped and damaged by a bus carrying media personnel. The Liberal campaign had to change its plane. No one was injured in the incident.