Prime Minister Justin Trudeau promises added incentives to the First-Time Home Buyers Incentive program, which provides Canadians up to 10 per cent off the purchase of their first home. (Kendra Crighton/News Staff)

Prime Minister Justin Trudeau promises added incentives to the First-Time Home Buyers Incentive program, which provides Canadians up to 10 per cent off the purchase of their first home. (Kendra Crighton/News Staff)

Trudeau promises added incentives for first-time home buyers

Victoria, Vancouver and Toronto promised an increase in qualifying home prices to offset higher prices

The stage was set as the Liberal leader walked through a construction site in Saanich Thursday morning. From the seven Liberal candidates standing, smiling in the background to the three children with their parents playing beside the podium, the photo-ops were there and so was Justin Trudeau.

Opting to skip the first leaders’ debate on Day 2 of the election campaign, Trudeau was in Greater Victoria to announce added encouragement for the First-Time Home Buyers Incentive program, which provides Canadians up to 10 per cent off the purchase of their first home. If re-elected, the Liberal party promised to see the program expanded to give more help to people living in Greater Victoria or the greater Vancouver and Toronto areas, where the value of a qualifying home will be increased from $500,000 to nearly $800,000. In all three of those areas housing prices are up to 60 per cent higher than the national average.

READ ALSO: Minister says program promises help to first-time Victoria home buyers

In addition to the expanded incentives, is a one per cent annual tax for residential property owners who are not Canadian and do not live in Canada, on top of local taxes already in place. Canadians living abroad or permanent residents in Canada will not be affected.

Questioned as to why he didn’t tackle this issue in the budget, instead waiting for election time, Trudeau pointed to the National Housing Strategy launched in 2017 and added “there needs to be extra help” in certain areas where housing prices are significantly higher than the national average.

When asked why he was skipping the first debate of the federal election, taking place Thursday night in Toronto, Trudeau dodged the question by saying he was very happy to be in Victoria and was looking forward to being in Edmonton later in the day.

“I look forward to the opportunity to debate against my fellow leaders in the three occasions we’ll be doing this campaign,” Trudeau said.

READ ALSO: Liberals look to make home-buying more affordable for millennials: Morneau



kendra.crighton@blackpress.ca

Follow us on Instagram
Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

The Canadian Mental Health Association Shuswap Revelstoke’s homeless outreach coordinator Carly Shipmaker and practicum student Sarena Bryden take a turn on Thursday, May 6 on the stationary bike. They were cycling under the blue sun canopy outside the CMHA thrift shop to promote Mental Health Week and to prepare for this year’s Ride Don’t Hide event in June. (Martha Wickett-Salmon Arm Observer)
Getting the wheels turning for Salmon Arm’s Ride Don’t Hide event

Canadian Mental Health Association awareness and fundraising campaign to run throughout June

Pharmacist Barbara Violo arranges all the empty vials of the Oxford-AstraZeneca COVID-19 vaccines that she has provided to customers at the Junction Chemist which is an independent pharmacy during the COVID-19 pandemic in Toronto, on Monday, April 19, 2021. THE CANADIAN PRESS/Nathan Denette
B.C.’s 1st vaccine-induced blood clot case detected in Interior Health

Interior Health also recorded 52 new cases of COVID-19

Interior Health provided updated data breaking down the vaccine administration totals in communities throughout the region on Monday, May 3, 2021. (File photo)
Nearly 40% of Shuswap adults vaccinated

More than 12,000 people in the Salmon Arm health area received their first COVID-19 vaccine

Ian Syme gets ready to swing the bat during skills training and picture day for Salmon Arm Minor Baseball 6U players at the Hillcrest Elementary field on Wednesday, May 5, 2021. (Lachlan Labere-Salmon Arm Observer)
Young Salmon Arm ballplayers in training

Salmon Arm Minor Baseball Association seeking sponsorships for batting cage

The monthly totals from Jan.1, 2020 to April 30, 2021 show COVID-19 cases for most Local Health Areas in the North Okanagan-Shuswap, other than Vernon’s with the largest population, staying well below 400. (BC Centre for Disease Control image)
16 months in, COVID cases in North Okanagan-Shuswap areas stay under 1,000

Vernon, with the largest population, hovers under 900 cases since January 2020

Protesters attempt to stop clear-cutting of old-growth trees in Fairy Creek near Port Renfrew. (Will O’Connell photo)
VIDEO: Workers, activists clash at site of Vancouver Island logging operation

Forest license holders asking for independent investigation into incident

The Primary Urgent Care Centre on Martin Street officially opened on March 31, 2021. (Brennan Phillips)
Okanagan-Similkameen Regional Hospital District reverses funding decision on care centre

Approval now granted to fund $1 million for Urgent and Primary Care Centre in Penticton

Motorists breaking travel rules can be fined $230 for failing to follow instructions or $575 if the reason for travel violates the essential travel health order, at this Highway 3 check area near Manning Park. Photo RCMP
RCMP begin checking drivers on BC highways

Four check points are set up Thursday May 6 around the province

Starting Tuesday, May 11, B.C. adults born in 1981 and earlier will be able to register for a vaccine dose. (Haley Ritchie/Black Press Media)
BC adults 40+ eligible to book COVID-19 vaccinations next week

Starting Tuesday, people born in 1981 and earlier will be able to schedule their inoculation against the virus

Kelowna City Hall. (Michael Rodriguez - Capital News)
New temporary outdoor shelter in Kelowna opens

The new area on Richter Street and Weddell Place replaces the Baillie Avenue site

Parks Canada and Tla-o-qui-aht Tribal Parks dig the washed up Princess M out from sand along the south shore of the Pacific Rim National Park Reserve. (Nora O’Malley photo)
Rescue attempt costs man his boat off Pacific Rim National Park Reserve

Coast Guard response questioned after volunteer responder’s speedboat capsizes in heavy swells

Al Kowalko shows off the province’s first electric school bus, running kids to three elementary and two secondary schools on the West Shore. (Zoe Ducklow/News Staff)
B.C.’s first electric school bus making the rounds in Victoria suburbs

No emissions, no fuel costs and less maintenance will offset the $750K upfront expense

Road sign on Highway 1 west of Hope warns drivers of COVID-19 essential travel road checks on the highways into the B.C. Interior. (Jessica Peters/Chilliwack Progress)
B.C. residents want travel checks at Alberta border, MLA says

Police road checks in place at highways out of Vancouver area

Victoria police say the photo they circulated of an alleged cat thief was actually a woman taking her own cat to the vet. (Black Press Media File Photo)
Photo of suspected cat thief released by Victoria police actually just woman with her pet

Police learned the she didn’t steal Penelope the cat, and was actually taking her cat to the vet

Most Read