In this month's Trending Topic, our hosts, Suzana Goncalves and Brittany Reimer dive into the Q1 2024 Policy Round Up. With the looming federal election, housing affordability emerges as a top concern, prompting various levels of government to introduce legislation to address this issue.

• Federal: The federal government emphasizes rental affordability through initiatives like the Apartment Construction Loan Program and the Canada Rental Protection Fund.

• Provincial: On the provincial front, attention shifts to policies impacting homebuyers directly. The flipping tax aims to deter rapid property turnover, although its market impact may be limited.

• Local: Local governments also make waves with increases in development cost charges, raising concerns about their potential impact on development viability amidst already thin margins.

CHAPTERS

1. Intro (0:00)
2. Election Year (0:52)
3. House Affordability (1:03)
4. Rental Affordability (1:30)
5. Apartment Construction Loan Program (1:53)
6. Flipping Tax (3:35)
7. First Time Homeowners Exemption (5:18)
8. Increases to DCCs (5:45)
9. Closing (6:28)

ADDITIONAL LINKS FOR THIS EPISODE:

May 2024 Greater Vancouver Presale Pulse Episode:

https://mlacanada.com/newsfeed/greater-vancouver-may-2024-presale-pulse

May 2024 Fraser Valley Presale Pulse Episode:

https://mlacanada.com/newsfeed/fraser-valley-may-2024-presale-pulse

May 2024 Presale Pulse Report: https://mlacanada.com/newsfeed/may-2024-presale-report-fraser-valley-leads-in-increased-presale-activity

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