In this episode of KT Confidential, we discuss some of the new initiatives announced in the 2019 Federal Budget on Tuesday, March 20th. First-time home buyer incentives have been revised and new ones introduced. We’re speculating that the Equity Share Mortgage option will allow some people to buy where they wouldn’t have otherwise and the increase in the First Time Buyer RRSP Program allows for taking advantage of up to $20,000 more tax and interest-free borrowing from your RRSPs.
The question is, will these initiatives stimulate the market?
The government is doing other things to increase the development of new construction properties and purpose-built rental properties, which should also have an impact on prices if inventory increases.
2019 is going to be an interesting year in Real Estate! Follow the KT Confidential podcasts for updates on the market, real estate news, design trends, home tech and banter.