Amid fears of a Canadian housing bubble, two major parties have spoken the next few months about property market policies in the run up to the country’s forthcoming General Election. The Liberal Party’s Justin Trudeau announced plans to allow Canadians to use registered retirement savings as a deposit on a home due to increasing levels of unaffordability; the policy echoes a scheme of the Conservative Party, although the latter scheme is only applicable for first-time home buyers. Despite this, both parties have remained vague on any standpoints regarding mortgage policies.
Amid fears of a Canadian housing bubble, two major parties have spoken this week about property market policies in the run up to the country’s forthcoming General Election. The Liberal Party’s Justin Trudeau announced plans to allow Canadians to use registered retirement savings as a deposit on a home due to increasing levels of unaffordability; the policy echoes a scheme of the Conservative Party, although the latter scheme is only applicable for first-time home buyers. Despite this, both parties have remained vague on any standpoints regarding mortgage policies.