Trudeau touts housing plan in Maple Ridge, B.C.
Trudeau speaks during a post-budget housing announcement at a townhouse development in Maple Ridge, B.C., on March 25, 2019.
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. During a visit today to Maple Ridge, B.C., 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.Trudeau listens while being introduced before a post-budget housing announcement at a townhouse development in Maple Ridge, B.C., on March 25, 2019.
Trudeau said housing is also a concern for parents who are worried their adult children won't be able to live in the neighbourhoods where they grew up.
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