THUNDER BAY – Everyone deserves a safe and affordable place to call home, but today’s high housing prices mean that more Canadians are struggling to buy their first home – putting home ownership out of reach for many in Thunder Bay and across the country.
To help more Canadian families take the first step towards home ownership, we recently launched the First-Time Home Buyer Incentive. Starting in September, this incentive will help qualified first-time homebuyers purchase their first home by reducing monthly mortgage payments by upwards of $286 per month without needing to put more on the down payment.
To help even more Canadians access affordable housing we also launched the first-ever National Housing Strategy, providing $55 billion to fight homelessness and protect affordable community housing for more than 55,000 families across Canada.
Our plan is working right here in Thunder Bay-Superior North. Through the affordable housing project we are co-funding 15 projects across the region including the Journey to Life Centre at Salvation Army, new units through the Northern Linkage Community Housing and supportive housing for Matawa Tribal Council students. These projects will provide a place to call home for vulnerable members of our community, providing the stability that is the foundation of success. We also extended agreements for Castlegreen and Superiorview Housing to protect affordable housing stock in Thunder Bay.
While our Liberal government sees safe and affordable housing as a vital necessity for every Canadian to have a fair chance to succeed, not all parties agree. Conservative politicians like Stephen Harper and Andrew Scheer did nothing to address housing affordability and continue to prioritize the wealthiest one per cent of Canadians. We will continue to fight to ensure that every Canadian can find a place to call home.