In this month's Trending Topic, our hosts, Suzana Goncalves and Brittany Reimer dive into the Q1 2024 Policy Round Up. With the looming federal election, housing affordability emerges as a top concern, prompting various levels of government to introduce legislation to address this issue.
• Federal: The federal government emphasizes rental affordability through initiatives like the Apartment Construction Loan Program and the Canada Rental Protection Fund.
• Provincial: On the provincial front, attention shifts to policies impacting homebuyers directly. The flipping tax aims to deter rapid property turnover, although its market impact may be limited.
• Local: Local governments also make waves with increases in development cost charges, raising concerns about their potential impact on development viability amidst already thin margins.
CHAPTERS
- Intro (0:00)
- Election Year (0:52)
- House Affordability (1:03)
- Rental Affordability (1:30)
- Apartment Construction Loan Program (1:53)
- Flipping Tax (3:35)
- First Time Homeowners Exemption (5:18)
- Increases to DCCs (5:45)
- Closing (6:28)
ADDITIONAL LINKS FOR THIS EPISODE:
May 2024 Greater Vancouver Presale Pulse Episode:
https://mlacanada.com/newsfeed/greater-vancouver-may-2024-presale-pulse
May 2024 Fraser Valley Presale Pulse Episode:
https://mlacanada.com/newsfeed/fraser-valley-may-2024-presale-pulse
May 2024 Presale Pulse Report: https://mlacanada.com/newsfeed/may-2024-presale-report-fraser-valley-leads-in-increased-presale-activity
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