Every Canadian deserves a place to call home. And for many – young people in particular – the dream of owning their own home feels like it’s moving further out of reach.
You shouldn’t lose a bidding war on your home to speculators. And you shouldn’t have to move far away from your job, your school, or your family just to afford your rent.
It’s time to change that.
Young Canadians want the chance to buy and raise their families in a home of their own — just like their parents and grandparents did. But higher rent prices and the increased cost of living are continuing to make it more difficult for them to save for a down payment.
As a country, we need to support Canadians in their goal of becoming homeowners. That’s why our Liberal plan will help renters become owners, help young Canadians afford a down payment faster, and help them reduce the closing costs that come with purchasing a home.
By helping our young people unlock homeownership, we will grow the middle class and keep moving Canada forward for everyone.
Even if more Canadians can afford a downpayment, without a greater supply of homes, that would just mean more people lining up to purchase every available home.
As a country, we need to build more homes – the kinds of homes that meet the needs of different people.
We need homes in urban centres that are built for middle class families, with the amenities to match, like accessible child care and public transit. We need affordable housing for vulnerable people like women fleeing violence, persons with disabilities, and youth. We need a co-developed housing plan for Indigneous people living in urban, rural and northern off-reserve communities. And for aging parents and grandparents planning their future, we need to support multi-generational living as a way to promote down-sizing and aging well at home.
Homes are for people, and families. Yet, too often the high demand for homes has led to a spread of unfair, predatory, high-pressure tactics that take advantage of prospective buyers.
A re-elected Liberal government will be there for you – to protect your rights and safeguard the largest investment many Canadians are likely to make.
We will also crack down on the profiteers, wealthy corporations, and foreign investors who contribute to a growing problem of underused and vacant housing, rampant speculation, and skyrocketing prices.
