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Housing

Home ownership platforms

Here's what the 2019 Canadian election parties are promising.

Liberal
  • Introduce a new First-Time Home Buyer Incentive giving up to 10% off the purchase price of a first home.
  • Increase the qualifying value to nearly $800,000 in places where houses cost more.

Conservative
  • Modify the mortgage stress test to ensure first-time homebuyers aren't unnecessarily prevent from accessing mortgages.
  • Remove the stress test from mortgage renewals.
  • Increase amortization periods to 30 years for first-time homebuyers.

NDP
Introduce 30-year terms to CMHC insured mortgages on entry-level homes for first-time home buyers, while doubling the Home Buyer's Tax Credit to $1,500.
We don't have any Bloc policies on Home ownership.
We don't have any PPC policies on Home ownership.

Looking for the parties' positions on other topics?

See our full 2019 Canadian election platform comparison


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