Policy Area
Priority Level
Last Updated
Housing
Short-Term
May 16, 2024
The Policy
The RPC will entirely prohibit new purchases of Canadian housing by foreign entities (e.g., corporations, governments) and individuals, except for personal use by those with permanent residency (PR) status.
Additionally, we will impose a scaling "empty home" tax which increases each year to encourage existing foreign individuals that own housing in Canada to sell if they're not still living in it.
Foreign entities and individuals who own Canadian housing as investments will be forced to sell all their Canadian holdings and subject to taxation on these sales.
The Research
Our Broader Stance on:
Without shelter, the harsh Canadian climate would eventually claim even the heartiest human. With this in mind, our unique and diverse climate requires special housing considerations (e.g., winter heating and summer air conditioning), not necessary in many other parts of the world.
Regardless of the inhospitable realities of life in Canada, we believe everyone has a fundamental right to a basic standard of living accommodations. The RPC will look to modern socialist examples already in practice, such as the desirable, high-end affordable housing in Vienna, Austria[1][2].
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