The New Democrats will help young families in Sudbury and Nickel Belt afford their first home, said NDP candidates Nadia Verrelli (Sudbury) and Andréane Chénier (Nickel Belt).
NDP Leader Jagmeet Singh announced the next step of his plan to fix Trudeau’s housing crisis with a commitment to help families buy their first home.
"We need to help young families who are facing ballooning house prices to stay in Sudbury,” said Verrelli, in a press release.
“While Trudeau helped developers inflate house prices, New Democrats will help Northern families afford their first home in their own community.”
“The housing crisis has gotten worse every single year since Justin Trudeau was elected six years ago,” said Chénier. “Northerners can’t afford Trudeau’s empty campaign promises. We will help young Northern families who want to buy their first home by lowering the costs of their first home.”
After six years in government, Justin Trudeau sided with wealthy speculators and let rich developers buy into the starter-home market and squeeze regular families out, said the NDP.
Singh’s announcement to help first-time homebuyers included a commitment to lower their costs and get money in their pockets faster by doubling the first-time homeowner's credit and transforming it into a rebate, so that first-time homebuyers get the money when they move in, not months later at tax time.
In addition to the 500,000 new homes Singh committed to building last week, these measures, along with an initiative to tie federal transit funding to municipal housing strategies, will help build, renovate and preserve 1.7 million homes over the next four years, said the NDP.
