Canadian Home Builders’ Association Hopeful That Announced Federal Budget Measures Will Help Ease Housing Affordability Crisis

OTTAWA, March 19, 2019 /CNW/ – The Canadian Home Builders’ Association (CHBA) is hopeful that measures announced by the Minister of Finance in today’s federal budget will help ease Canada’s growing housing affordability crisis.   The budget includes a new First-Time Home Buyer Incentive, increases to the Home Buyers’ Plan, expansion of the Rental Construction Financing Initiative, and measures seeking to address the housing supply shortage—all items in line with CHBA recommendations.  It also makes reference to monitoring the effects of the stress test and adjusting it if economic conditions warrant, again a key concern of CHBA members. “The new ...

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