Reference Fraser Valley Real Estate Board NewsReal (March 20, 2019)
On Tuesday, March 19, the federal Liberals released their final budget before the upcoming federal election. As expected, Budget 2019: Investing in the Middle Class contains a number of benefits for the middle class (Canadians with taxable income between $44,700 and $89,401).
Budget 2019 focuses extensively on housing. Sprinkled throughout the document, there are announcements intended to help people buy their first home, increase the supply of housing, address tax evasion, money laundering and rule compliance in real estate, as well as fund energy efficient choices and municipal infrastructure.
Keep in mind, full implementation of the initiatives and funding are dependent on the document receiving the required approvals in Ottawa and the will of the political party that forms the government after the federal election on October 21.
Below are the eight key announcements.
To read the full Budget 2019 document, click here.