Not a fan of Trudeau, but I can appreciate his attempt here to follow through on a campaign promise that is extremely important to me.
Help with housing sounds good on paper, but you can already spot loop holes where this will effectively change nothing. Foreign buyers will use other methods of purchasing through a student or someone who is considered a permanent resident. The tax free account just gives people extra money to put into their new home, if anything it will raise the cost of homes. The money to help with municipalities to update their zoning and permit system has never been the problem, the problem is the red tape in place to restrict the amount of housing being built to keep housing prices high. I have a hard time believing this money will be utilized in a meaningful way.
However, money on affordable housing units for low income families is definitely needed.
I think there still needs to be more aggressive measures taken to give Canadians a cooling period here.
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