1. Trudeau's Budget Eyes Young Voters With Affordable Housing Push.
- Author
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Platt, Brian
- Subjects
HOUSING ,BUDGET ,POOR people ,INVESTORS ,TAX incentives ,HOUSE construction - Abstract
Canada's upcoming budget will focus on housing, with Finance Minister Chrystia Freeland aiming to speed up construction and increase the supply of affordable homes. The budget may include measures such as building homes on government-owned property, offering long-term leases to developers of affordable housing projects, and providing tax incentives to encourage real estate investors to sell buildings to non-profit housing organizations. The government is under pressure to address housing concerns, particularly among younger Canadians, ahead of the 2025 election. The budget may also address challenges faced by young homebuyers, potentially by easing mortgage rules. [Extracted from the article]
- Published
- 2024