Compare Canada’s major parties promises on housing

This information is pulled from the CBC.

Liberal

In addition to eliminating GST for first-time homebuyers on new and majorly renovated homes under $1 million, they would create a standalone entity that would act as a developer overseeing the construction of affordable housing in Canada. That entity would supply $25 billion in debt financing and $1 billion in equity financing to "innovative Canadian prefabricated home builders." The Liberals would invest almost $74 million to improve critical housing infrastructure, speed up housing development and help meet the growing demand for affordable housing in the North. They would invest almost $66 million to build, renovate and repair hundreds more homes across Nunavut, including for Indigenous Peoples and underserved groups. 

Conservative

The Conservatives would cut the GST on new homes up to $1.3 million. They say the GST measure will cost between $3.96 billion and $4.97 billion. They would tie federal funding to cities to the number of housing starts. Cities or municipalities would be expected to increase the number of homes they build by 15 per cent each year; they would offer bonuses to municipalities that surpass that target. For every dollar of development taxes cut, a Conservative-led government would match that amount to a maximum of $25,000 per home, for a total possible savings of $50,000. It would sell off 15 per cent of federally owned buildings so the land can be used to build affordable homes. It would implement a NIMBY (not in my backyard) fine on municipalities that block construction because of "egregious" opposition from local residents. 

New Democrat

The NDP would put in place a $16-billion strategy to support building affordable homes. They would replace the housing accelerator fund with permanent funding for two new programs: the Canadian homes transfer and the communities first fund. The party is aiming to build three million affordable homes in the next five years. They would redesign and double the Public Land Acquisition Fund, investing $1 billion over five years to build more rent-controlled homes. They would set aside all suitable federal Crown land in order to build more than 100,000 rent-controlled homes by 2035. They would speed up approvals on lands owned by the federal government to build homes sooner. They also say they would require the CMHC to offer low-interest, public-backed mortgages. The New Democrats are promising more money for the Rental Protection Fund — a federal program that supports community housing projects. They say they would ban corporate landlords from buying existing affordable rental properties and stop providing them with low-interest federal loans and mortgage loan insurance if they gouge tenants. They would “rescue at-risk home-building projects impacted by tariffs,” with the aim of stabilizing housing markets and creating jobs in construction.

Bloc Québécois

The Bloc wants the $1.2 billion from the Canada Housing Infrastructure Fund to be transferred to Quebec without conditions and integrate the funding to an existing program or use it for a new one that would better serve municipalities. The party is in favour of a GST rebate on new homes for first-time homebuyers and wants to eliminate the GST for services related to the purchase of a first home, such as building inspections. 

Green

The Greens plan to stop corporations from buying single-family homes. They would use covenants to ensure housing built with public money stays affordable "forever." They want to close loopholes to prevent the use of real estate for money laundering. They would eliminate unfair tax advantages for real estate investment trusts (REITs). They would push for the creation of intergenerational co-housing. 

People's Party

It would stop accepting new permanent residents to Canada until the housing crisis has cooled down. It would privatize or dismantle the Canada Mortgage and Housing Corporation and change the Bank of Canada's inflation target from two per cent to zero per cent. It says it would work with provinces to curb speculation and money laundering by foreign homebuyers.