Trudeau sells housing plan in visit to hot real estate market

Trudeau sells housing plan in visit to hot real estate market
27/03/2019 , by , in INTERNATIONAL

Prime Minister Justin Trudeau touted efforts by the Liberal government to help first-time homebuyers put more down on their mortgages during a visit to a region of the country today that is facing a housing squeeze.

In its budget last week, the government introduced measures that would allow Ottawa to pick up a portion of new homebuyers’ mortgage costs and it increased the amount they can borrow from their retirement savings for a down payment.

Housing has emerged as a major issue for many Canadians, especially young people who are trying to get into the real-estate market at a time when prices are soaring in some major cities.

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