M City Condos Mississauga.Forbid foreigners to buy a house? Canada, the general election is coming soon. Whoever promotes the economy will win the hearts and minds of the people, and whoever will win the hearts and minds of the people.Please Visit: M City Condos Mississauga to Get Your VVIP Registration Today!
In recent years, Canadian house prices have soared and housing supply is in short supply, which has put a lot of pressure on the younger generation in Canada.
The growing housing problem has become the number one problem facing Canada.
Because the latest opinion poll shows that housing prices are the most concerned issue for voters.
Both the Liberal Party and the Conservative Party have to operate on house prices for the general election.
In the Canadian property market, there are four major problems:
1. The work was stopped due to the epidemic situation.
2. Unfair bidding.
3. Speculate on real estate speculation.
4. The vacancy is serious.
Then how to solve the housing problem?
Several major political parties have launched their own programs one after another:
Let’s take a look at the new housing plan of Canadian Prime Minister Trudeau’s Liberal Party.
1. Rent-and-buy plan.
Use 1 billion Canadian dollars to create a “passageway” for renters to own homes.
After the government provides the public with a lease for a period of time, tenants can choose to buy the house and lock in the price before the lease ends.
two。. Set up a tax-free savings account for first-time house purchase.
Introduce a housing tax-free savings account that allows all Canadians under the age of 40 to save C $40,000 when they buy their first home and withdraw it tax-free when they buy a house.
At the same time, double the tax credit for first-time home buyers from C $5,000 to C $10,000.
3. Build 1.4 million houses in four years.
It is committed to rebuilding or rehabilitating 1.4 million new homes over the next four years.
Create a C $4 billion pool to support the urban middle class, crack down on land speculators and provide millions of affordable housing.
Build cheaper houses with 2.7 billion Canadian dollars, free of decoration fees for families who live together for generations.
4. Transparent bidding to protect the rights of buyers.
The formulation of a new “property buyers’ Bill of Rights” prohibits blind bidding, fair bidding among all buyers, and the history of house prices must be completely transparent.
5. Foreigners are prohibited from buying houses and overseas buyers’ taxes are levied.
Foreigners are prohibited from buying houses for the next two years.
From January 2022, a tax will be imposed on vacant or underutilized property owned by foreigners, including vacant land in big cities.
6. Levy a “property speculation tax”.
Buyers are required to hold the property for at least 12 months, otherwise they will face heavy taxes.
Then look at Canada’s second largest party, the Conservative Party (which promises to adopt a tougher policy towards China after being elected).
Conservative Party: ban Huawei immediately after being elected.
1. All foreigners (70.6% from China) should be banned from buying houses in Canada for at least two years.
two。. Strive to solve the comfortable housing problem.
It plans to build 1 million houses within three years, convert at least 15 per cent of federal property into housing, and develop an indigenous housing strategy.
3. Provide a 10-year mortgage loan of 7Mel.
To make it easier for people to qualify for loans.
Finally, there is the third largest party, the New Democratic Party, which is most popular with young people.
1. In the next 10 years, 500000 sets of comfortable housing will be built.
two。. Levy a 20% tax on overseas buyers to crack down on housing speculators.
3. Establish a 30-year mortgage loan underwritten by the Canadian Mortgage and Housing Corporation.
