Kickstart the building of a million homes in the next three years.
That pledge came from Conservative Leader Erin O’Toole in Ottawa Thursday as he presented his solutions to tackle the housing crisis.
If he’s elected as Prime Minister, O’Toole is promising homes for Canadians looking to buy.
“We will ban foreign investors from purchasing homes here if they don’t intend to live in or move to Canada,” explains O’ Toole. “If people around the world want to invest in our great country, and I want that, we will instead encourage them to invest in purpose built rental housing to provide more affordable housing for Canadians.”
The Leader says foreign investors are putting up barriers for young families and retired people looking to downsize.
When explaining the million homes, three year plan, O’Toole noted that part of this could be done by repurposing government buildings, specifically releasing 15 per cent of government properties into the housing market.
Another part of the Conservative housing plan looks at ensuring Canadians live in accessible communities.
“It’s time to focus on transit oriented development, and ensuring that we build homes and increase density near transit,” says O’ Toole. “We need to invest in transit and get this country moving after 15 very difficult months.”
