Attention: Millennials.
Finance Minister Bill Morneau arrives for a pre-budget photo opportunity in Toronto on March 14, 2019. Morneau visited the Toronto and Kiwanis Boys and Girls Club for the media event.
The changes, along with expected measures on adult skills training, pharmacare and supporting seniors, will be included in the Liberals' fourth and final budget before the October federal election.The budget's housing measures could grab a lot of attention. Polls have suggested affordable home ownership is a key concern for millennials and could be a vote winner with the increasingly critical demographic.
The government, however, faces a delicate task of introducing changes that avoid destabilizing housing markets, driving up prices or enabling already overstretched households to pile on more debt. Morneau has insisted the stress tests were needed as a way to keep prices in some markets from rising at an unsustainable clip. He's shown no signs that he's prepared to dial them back.
Kershaw is the founder of Generation Squeeze, a group dedicated to informing policy decisions about the socioeconomic challenges of younger Canadians."We've tolerated — not only that, we've celebrated — home prices rising a lot over the last decade,'' Kershaw said. On regulation and enforcement, Ottawa could take steps to crack down on people who falsely claim a home is their primary residence as a way to dodge capital gains taxes.
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