Adopt affordability as a core objective of the National Building Code and to all related standards.
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OSFI Guidelines for Residential Mortgage Insurance Underwriting
Practices and Procedures (B-20 and B-21) - attention to the long?term fundamentals of Canada’s housing system, as well as the impact on current markets and Canadians opportunity for homeownership, is an essential backdrop to any further federal policy or regulatory actions by the ensemble of agencies reporting to or through the Minister of Finance, and by the Department itself.
Update the federal immigration system to proactively attract much-needed skilled workers in residential construction.
Working with the home construction industry to support innovation and capital investment to increase industry productivity both for in-site built approaches and factory-built solutions.
Amendment of the Excise Tax Act to adopt a permanent home renovation GST rebate
Revise tax rules for accessory suites, such as granny flats and laneway housing, as the current tax system, which incorporates land value rather than just construction costs, and is discouraging this important form of infill housing that is favoured by more and more municipalities. These innovative infill projects increase the
number of affordable homes in established neighbourhoods.
Support Transit-Oriented Development, Complete Communities and the “Missing Middle” of Housing - To ensure that Canadians get maximum benefit from federal infrastructure investments, the Government needs to support increased supply in the “missing middle” – whether “gentle intensification” via secondary suites, conversion of larger units or medium-density low-rise mixed-income housing, in walkable communities with ready access to public transit.
The role of Build Canada Homes and the impact upon housing needs in Canada and to ensure that market-rate housing policies are still pursued by the government in addition to the mandate of Build Canada Homes.
Modify the Residential Mortgage Underwriting Practices and Procedures Guideline (B-20) - the "stress test" for both insured ad uninsured mortgages to reduce the test rate on a declining basis for 7- and 10-year mortgage terms.
Update and index the thresholds for the GST New Housing Rebate.
Government policies to encourage more Canadians to consider a career in the skilled trades and support the apprenticeship system.