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Decentralized Democracy

House Hansard - 57

44th Parl. 1st Sess.
April 25, 2022 11:00AM
Context: House Hansard - 57 - Apr/25/22
Mrs. Anna Roberts
  • Apr/25/22 12:25:32 p.m.
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Madam Speaker, before we broke I was able to take a look at the tax-free savings home plan. It does not work. If we take it in today's dollars, using the same example as in the budget, a young couple earning $90,000 will be able to afford a house at $355,000. I do not know where they are going to find a house in my riding for that money, let alone in Ontario. If we take that same example for 2027, they will be able to afford a house worth $500,000, hoping that interest rates stay the same. One cannot buy a house for $500,000, so how is this plan going to help first-time homebuyers? I do not see it.
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