Trudeau Touts Housing Plan In Competitive B.C. Real Estate Market

Trudeau speaks during a post-budget housing announcement at a townhouse development in Maple Ridge, B.C., on March 25, 2019.

In its budget last week, the government introduced measures that would allow Ottawa to pick up a portion of new homebuyers' mortgage costs and it increased the amount they can borrow from their retirement savings for a down payment. During a visit today to Maple Ridge, B.C., Trudeau said the budget contains measures to help first-time buyers by allowing them to withdraw $35,000 from their RRSPs, up from $25,000, to help lower their borrowing costs.Trudeau listens while being introduced before a post-budget housing announcement at a townhouse development in Maple Ridge, B.C., on March 25, 2019.

Trudeau said housing is also a concern for parents who are worried their adult children won't be able to live in the neighbourhoods where they grew up.

Foreign buyers and money laundering! Get in it so our kids can own a house one day

Mind your own business.

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Justin Trudeau sells housing plan in visit to Metro Vancouver's hot real estate marketHousing a major issue for many, particularly young people trying to get into the real-estate market at a time when prices are soaring in some major cities You still think that Vancouver’s housing market is hot? Your housing plan only includes people with $100k in savings or RRSP's. Housing price for small family with 2 or more bedroom is over $650k the plan only cover mortages to max $480k for household income $120k or less. BC small families have no down payment save, pay chq 2 pay chq Does Trudeau and our government really think we're stupid no matter what I will never be able to afford a house with the stupid way they handle stuff remember political parties are out for their own gain they don't care about you
La source: VancouverSun - 🏆 49. / 61 Lire la suite »

Trudeau’s new housing measures could end up crushing sales in an already depressed marketHelp for first-time homebuyers doesn’t come into effect until the fall, meaning some might hold off on jumping into real estate until they can take advantage Do you want the government (public purse) 10% invested in overpriced homes?
La source: nationalpost - 🏆 10. / 80 Lire la suite »