The Canadian Press

 

VAUGHAN, Ont. – The Conservatives are setting a target of creating 700,000 new homeowners by 2020.

Party leader Stephen Harper says a combination of previous tax breaks and new promises makes that a realistic goal.

 

They include commitments made on this campaign to expand the home buyers’ plan, establish a permanent home renovation tax credit and measures to address foreign ownership of Canadian residential real estate.

 

Harper says home ownership provides Canadians with financial stability and strengthens communities.

According to information provided by the party, the target would raise Canada’s home ownership rate to approximately 72.5 per cent. The Canada Mortgage and Housing Corp., citing information from Statistics Canada’s National Household Survey, says the home ownership rate was 69.0 per cent as of 2011, the most current data available.

 

Harper made the announcement at a new home development site in the Toronto-area city of Vaughan.

Cabinet minister Julian Fantino is fighting for re-election in one of the area’s ridings, Vaughan-Woodbridge, while the Conservatives are also seeking to win the newly-created riding of King-Vaughan.

 

WATCH: Harper says Liberals, NDP focused more on social housing than home ownership

The announcement of a target for the impact of political promises mirrors a commitment from the Conservatives exactly one week ago that their policies would create 1.3 million net new jobs by 2020.

 

Observers were split on whether that was a realistic number, but Harper said the plan was run by experts.

He’s saying the same Tuesday about his goal for home ownership, noting the target was based on projections from CMHC and the Canadian Home Builders Association.

 

Both have set projections of ownership growth of more than 140,000 per year until 2021.

“Our Conservative government’s low-tax balanced-budget plan will ensure that home ownership is within reach for even more Canadians,” he said.

 

© The Canadian Press, 2015

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The Canadian Press

 

VAUGHAN, Ont. – The Conservatives are setting a target of creating 700,000 new homeowners by 2020.

Party leader Stephen Harper says a combination of previous tax breaks and new promises makes that a realistic goal.

 

They include commitments made on this campaign to expand the home buyers’ plan, establish a permanent home renovation tax credit and measures to address foreign ownership of Canadian residential real estate.

 

Harper says home ownership provides Canadians with financial stability and strengthens communities.

According to information provided by the party, the target would raise Canada’s home ownership rate to approximately 72.5 per cent. The Canada Mortgage and Housing Corp., citing information from Statistics Canada’s National Household Survey, says the home ownership rate was 69.0 per cent as of 2011, the most current data available.

 

Harper made the announcement at a new home development site in the Toronto-area city of Vaughan.

Cabinet minister Julian Fantino is fighting for re-election in one of the area’s ridings, Vaughan-Woodbridge, while the Conservatives are also seeking to win the newly-created riding of King-Vaughan.

 

WATCH: Harper says Liberals, NDP focused more on social housing than home ownership

The announcement of a target for the impact of political promises mirrors a commitment from the Conservatives exactly one week ago that their policies would create 1.3 million net new jobs by 2020.

 

Observers were split on whether that was a realistic number, but Harper said the plan was run by experts.

He’s saying the same Tuesday about his goal for home ownership, noting the target was based on projections from CMHC and the Canadian Home Builders Association.

 

Both have set projections of ownership growth of more than 140,000 per year until 2021.

“Our Conservative government’s low-tax balanced-budget plan will ensure that home ownership is within reach for even more Canadians,” he said.

 

© The Canadian Press, 2015

Read full post
Categories:   | Abbeydale, Calgary Real Estate | Airdrie, Airdrie Real Estate | Alberta Housing Market | alberta housing market forecast 2012 | Alberta Housing Market, housing projections, cmhc | Alberta Housing Market, housing projections, cmhc, Calgary housing market, chestermere homes for sale | Alberta Land Tax | Android | April Market Update | April Market Updates for Calgary | Arbour Lake, Calgary Real Estate | Bowness, Calgary Real Estate | Bragg Creek, Bragg Creek Real Estate | Bridlewood, Calgary Real Estate | Calgary cash incentives | Calgary Economic Recovery | calgary economy | Calgary Economy, Calgary Housing Market, Calgary Real Estate, Chestermere Real Estate | Calgary Econonomy, Calgary Housing Market, Calgary Real Estate, Chestermere Real Estate | Calgary Grants | Calgary home market | Calgary Home Prices | Calgary home sales | Calgary Homes For Sale | Calgary Housing | Calgary Housing Market | Calgary Housing Market Outlook 2012 | calgary housing market statistics | Calgary Housing Market Update | Calgary Housing Stats | Calgary Housing Trend | Calgary Market Forecast | Calgary Market Outlook 2012 | Calgary Market Update | Calgary Open House | Calgary Properties | Calgary Real Estate | Calgary Real Estate Forecast | Calgary Real Estate Market | Calgary Real Estate Stats | Calgary Relocation | Canada Housing Market | Canada Mortgage Update | Cardston, Cardston Real Estate | Chestermere | Chestermere home for sale | Chestermere Homes | Chestermere Housing Market | Chestermere Open House | Chestermere Real Estate | Chestermere Real Estate Stats | Chestermere Realtor | Chestermere, Chestermere Real Estate | Cityscape, Calgary Real Estate | CMA, Market Analysis, Selling Price, Fair Market Value, Home Value, home price | CMHC | Connaught | Connaught, Calgary Real Estate | Country Hills | Country Hills, Calgary Real Estate | Coventry Hills, Calgary Real Estate | Deer Ridge, Calgary Real Estate | Deer Run, Calgary Real Estate | economic recovery | Economy | Evanston, Calgary Real Estate | Executive Home for Sale | Falconridge, Calgary Real Estate | Finance | First Time Home Buyers | foreclosure | Garrison Green | Garrison Green, Calgary Real Estate | Harvest Hills, Calgary Real Estate | Hawkwood, Calgary Real Estate | Hillhurst, Calgary Real Estate | Housing Trends | Inglewood, Calgary Real Estate | IPhone | January 2013 Market Update | Lakeside Home For Sale | Langdon | Langdon, Langdon Real Estate | Mahogany, Calgary Real Estate | Market Trends | Market Update | Market Value | Marlborough Park, Calgary Real Estate | Martindale, Calgary Real Estate | Mayland Heights, Calgary Real Estate | McKenzie Towne, Calgary Real Estate | MLS QR Code | MLS Search | MLS Search, Personal Real Estate Office, Real Estate, home search, compare homes, search for homes | Monterey Park, Calgary Real Estate | Mortgage | Mortgage Fraud | Mortgage Rates | Mortgage Registration | Mortgages | New Listing | Okotoks, Foothills Real Estate | Okotoks, Okotoks Real Estate | Open House | Pineridge, Calgary Real Estate | Pricing Your Home For Sale | QR Code | Real Estate | Real Estate App | Real Estate Forecast | Real Estate GPS QR Code | Real Estate Integrity | Real Estate QR Code | Real Estate, Chestermere Real Estate, Calgary, Buy, Sell, home | Recession | Redcarpet_Mountview, Calgary Real Estate | Rent vs Buy | Rental Property | Rental Property, Calgary Rental, First Time Home Buyers | Rosscarrock | Rosscarrock, Calgary Real Estate | Rural Rocky View MD, Rural Rocky View County Real Estate | Rural Rocky View MD, Rural Rocky View MD Real Estate | Rural Rocky View MD, Rural Rockyview County Real Estate | Rural Wheatland County, Rural Wheatland County Real Estate | Sage Hill, Calgary Real Estate | Secondary Suite | Sell Your Home | Selling Your Home | Shawnessy, Calgary Real Estate | Somerset | South Calgary, Calgary Real Estate | Southview, Calgary Real Estate | Spruce Cliff, Calgary Real Estate | Strathmore | Strathmore, Strathmore Real Estate | Suite | Sundance, Calgary Real Estate | Temple, Calgary Real Estate | Turtle Lake Real Estate | Tuscany, Calgary Real Estate | Victoria Park, Calgary Real Estate | Whitehorn | Whitehorn, Calgary Real Estate
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