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Communiqué de presse
1 September 2022

The Quebec Liberal Party Proposes Solutions to Facilitate Home Ownership

Given the housing crisis and real estate market frenzy, it is becoming more and more difficult for Quebecers to purchase their first homes. That is why the Quebec Liberal Party is committed to eliminating the welcome tax for first-time buyers and enhancing the Home Buyers’ Plan (HBP), announced Dominique Anglade.

When buying a first home, there are all kinds of expenses and having to pay the real estate transfer tax adds an additional pressure on young Quebecers’ wallets. The abolition of the welcome tax will eliminate this obstacle to home ownership. This measure will be accompanied by full financial compensation to municipalities by the Government of Quebec. We will also conduct a comprehensive review of municipal taxation to ensure long-term funding for municipalities.

The Leader of the Quebec Liberal Party also promises an enhancement of the Home Buyers’ Plan, which would allow new homeowners to access more liquidity for the purchase or renovation of their first home. The proposed measure would increase the HBP’s limit from $35,000 to $50,000 and would allow purchasers’ parents to contribute, among others.

With our Pocketbook Plan, we want to help Quebecers face the increased cost of living. Given the skyrocketing prices, buying a home is increasingly becoming an unattainable dream for young people. We at the Liberal Party believe that home ownership shouldn’t be a privilege of the rich. Eliminating the welcome tax on a first home and relaxing the HBP limit are simple and concrete solutions to allow young people to fulfill their dream of becoming homeowners.

-Dominique Anglade, Leader of the Quebec Liberal Party