Ontario Liberal Party Leader Bonnie Crombie announced a major housing affordability initiative on Wednesday, the latest in a series of significant policy announcements.
The “More Homes You Can Afford” plan proposes eliminating the provincial Land Transfer Tax for first-time homebuyers, seniors downsizing, and non-profit home builders, saving an average of $13,500 per property. The initiative also aims to scrap development charges on middle-class housing, which currently add up to $170,000 on new homes, replacing them with a Better Communities Fund.
The proposal includes introducing a Manitoba-style rent control system and establishing the Rental Emergency Support for Tenants (REST) Fund to help vulnerable renters avoid eviction during financial emergencies.
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The housing announcement follows other recent pledges, including a middle-class income tax cut announced November 12 and a promise to find every Ontario resident a family doctor within four years – with Crombie telling voters not to re-elect her if she fails to deliver.
“Doug Ford just doesn’t care about getting you a home you can afford,” Crombie said. “He’s had six years to fix this disaster, and things have only gotten worse.”
At a recent party fundraiser that raised $1.65 million, Crombie has been positioning herself as a “new type” of Liberal, emphasizing her centrist approach to provincial governance.
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One Response
Between tax cuts from development charges and land transfer taxes from Crombie,and no GST on new homes under a millon from PP, my kids might be able to buy a home.