To help Greater Toronto Area (GTA) Voters prepare for Election Day, federal candidates across the GTA were asked their thoughts on three priority issues: supporting homeownership, economic development and affordable housing. Specifically, federal candidates were asked the following:
- TREB Members support the Home Buyers' Plan (HBP), which allows anyone to withdraw money from their RRSP to help purchase or build a qualifying first home, either for themselves or a disabled relative. Since 2009, the withdrawal limit has been $25,000 per individual and $50,000 per couple. Generally, the full amount must be repaid within 15 years.
- Do you support the indexation of the RRSP Home Buyers' Plan to the Consumer Price Index, in $2,500 increments, so that it maintains its purchasing power for home buyers?
- Do you support extending the HBP to non first-time buyers who are relocating more than 40 km away from an existing home for a new job?
What do federal candidates in your community have to say? Find out here