Poilievre vows to reduce home building taxes by $100,000
Conservative Leader Pierre Poilievre plans to reduce home-building taxes by $100,000 per house by getting rid of the federal sales tax and encouraging municipalities to decrease their building taxes on newly constructed homes. According to Poilievre, this would save buyers about $50,000 on each new home. Additionally, a Conservative government would mandate municipalities to disclose their development charges and clarify how the federal reimbursement would be utilized to ensure transparency in building projects.
Poilievre highlighted that a significant portion of a new home’s cost currently goes towards various taxes like sales tax, land transfer tax, and development taxes. He also mentioned other expenses such as zoning fees, consultants, lobbyists, and lawyers contribute to the overall cost of a new home. Poilievre emphasized the need to redirect more funds towards the actual construction workers rather than administrative costs.
Poilievre estimated that when combined with his previous commitment to eliminate sales tax on new homes up to $1.3 million, buyers could save approximately $100,000 per home.
Liberals’ Modular Homes
Poilievre criticized Liberal Leader Mark Carney’s proposal to accelerate residential housing construction by introducing a new federal housing entity called Build Canada Homes, which aims to double the pace of new home construction to nearly 500,000 annually. Poilievre expressed concerns about Carney’s plan to use prefabricated units for bulk orders and expand apprenticeship opportunities.
Carney’s campaign stated that he would work with the ethics commissioner to establish conflict-of-interest protocols to recuse himself from decisions involving his former employers.
Carney’s campaign previously told The Epoch Times that he would “surpass” all applicable ethics rules if he became prime minister.
The Liberals also pledged to exempt the GST on new homes valued under $1 million.
