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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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?
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