Give the Gift of Local News!

VAUGHAN, Ont. — Conservative Leader Andrew Scheer is laying out a plan this morning he says will make it cheaper for Canadians to buy a home.

Scheer says he’d return to allowing people to take out 30 year mortgages to help lower monthly payments.

He says a Conservative government would also ease what’s known as the stress test on mortgages, and remove the test altogether from mortgage renewals.

Scheer also says he’d make surplus federal real estate available for development to increase housing supply.

He is also pledging to launch an inquiry into money laundering in the real estate sector.

Scheer is campaigning today in the Toronto-area suburb of Vaughan and then moves on to St. Catharines, Ont.

This report by The Canadian Press was first published Sept. 23, 2019.

The Canadian Press

Report an error

Read our guiding principles

Thanks for reading!

This holiday season, give the gift of local news!

Our goal is to cover all the headlines and events happening in Northeast B.C. If you believe in this coverage, becoming a Supporter is a great way to help!

More stories you might like