John Ivison: The Liberals’ housing plan unlikely to help first-time buyers There is likely to be more talk about building social housing units than easing the anxieties felt by almost every middle.
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B.C.’s first-time home buyer loan program launches. Rich Coleman said that within six hours of the provincial loan program’s launch on Monday, 29 applications had been submitted. He said the province would be ready to approve eight of the applications by Tuesday for the loan that is interest- and payment-free for five years.
The 10-year program assumes the provinces will be willing to match federal spending plans in some areas, meaning further negotiations will be needed before the details are worked out
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The Liberals would also look to current federal properties for possible sites of future affordable housing for areas in need. Outside of affordable housing, the Liberals have pledged to "modernize" the Home Buyers’ Plan by no longer limiting its availability to first-time buyers.
CMHC defends mortgage stress test changes amid calls for loosening rules – Sooke News Mirror The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from industry associations. "My job is to advise you against this reckless myopia and protect our economy from.Prime Minister’s resignation statement Prime Minister Theresa May has announced her departure from office. Mrs May has made a speech outside 10 Downing Street in which she revealed she will resign on Friday, June 7.
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The Trudeau government has already started removing a series of relatively minor tax credits introduced by the Harper government, including fitness and arts credits for children. In last year’s budget, the Liberals instead introduced an all encompassing Canada Child Benefit plan, applied to all children rather than just those in specific programs.