Housing a major issue for many, particularly young people trying to get into the real-estate market at a time when prices are soaring in some major cities
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.
During a visit today to Maple Ridge, Trudeau said the budget contains measures to help first-time buyers by allowing them to withdraw $35,000 from their RRSPs, up from $25,000, to help lower their borrowing costs. “Owning a house is a big achievement. It’s where you raise a family and set down roots. But far too many young people are worried that they won’t be able to reach that dream. Housing prices in the Lower Mainland are some of the highest in the country and rising.”
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