FOR IMMEDIATE RELEASE
August 18, 2021
Jagmeet Singh and the NDP will make housing more affordable for families in Windsor-Essex.
Jagmeet Singh and the NDP vowed today to get big money out of Canada’s housing market and help young Canadians and families buy a home they can afford.
“At the doorstep, I’m hearing from young people and their parents who say buying a home in Windsor-Tecumseh is just too far out of reach, even if you have a good job. This is unacceptable.” said the NDP candidate for Windsor-Tecumseh, Cheryl Hardcastle. “For the past six years, under Justin Trudeau, housing prices have skyrocketed in our community. The NDP has a plan to makes homes more affordable for regular families.”
When Justin Trudeau came to power in 2015, the average home price in Windsor-Essex was $200,813. Today, just 6 years later, the average home price is now a staggering $542,298.
He has let investors and corporations, often from overseas, take over the market and drive up the cost of housing in communities across Canada. In many cases they leave the houses empty while families struggle to find a place to live.
“No one can win a bidding war against investors with deep pockets who are looking to turn a profit, not build a neighbourhood. This is simply unfair,” said the NDP candidate and incumbent for Windsor West Brian Masse.
“New Democrats know that people across Essex County are worried that they will never be able to afford a home. Unlike the Liberals, we have a real plan to fix that,” said the NDP candidate for Essex, Tracey Ramsey.
Jagmeet and the NDP would go after big money investors by putting a 20 per cent Foreign Buyer’s tax on the sale of homes to individuals who are not Canadian citizens or Permanent Residents. He would target money laundering and organized crime within the housing sector by making it harder to hide behind nameless companies and giving regulators more teeth.
An NDP government would also build 500,000 affordable homes in ten years.
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