Pierre Poilievre announced that Conservatives will incentivize municipalities to cut building taxes.
For every dollar of relief a municipality offers on development charges, a Conservative government will reimburse 50%, up to a maximum of $50,000 in savings for new homebuyers.
Poilievre already announced his plan to eliminate the sales tax on new homes under $1.3 million, which will save homebuyers up to $65,000.
Combining the two policies will lower the cost of a new home by up to $115,000.
For an average home in the GTA or Vancouver, the savings will be approximately $100,000.
The Liberals have broken the promise that hard work buys an affordable home in a safe neighbourhood.
Taxes and development charges are now more than 30% of new home costs in Ontario and British Columbia.
In Toronto, development charges skyrocketed from under $30,000 to nearly $140,000 during the Lost Liberal Decade.
Across Canada, they’ve increased by $27,000 in just two years.
Instead of standing up to municipal gatekeepers who jacked up development charges to fund bureaucracy, Liberals rewarded them.
After the Liberals gave the City of Toronto $471 million, the city increased charges 42%, leading to a 39% drop in housing starts.
In Victoria, housing starts fell by 55% even as development charges went up by 258%.
Mark Carney is recycling the same old Liberal promises that didn’t work for the last decade.
He says these Liberal policies will make housing affordable, but under the Liberals, costs have doubled.
Carney and the Liberals have no plan to actually help people buy their own homes.
Only a new Conservative government will put hard-working Canadians First–For a Change–and restore the promise of homeownership by building more, taxing less, and bulldozing bureaucratic barriers.