As I mentioned in my comments yesterday, my wife and I are the proud parents of six children and four grandchildren. Our biggest concern for our kids is their ability to buy a home in today’s NDP-Liberal Canada.
For those reasons, my colleagues and I are fighting to help young people, new Canadians, and all Manitobans to make purchasing their first home a more affordable home.
A re-elected PC government will take immediate action to remove financial barriers to homeownership by eliminating the Land Transfer Tax for first-time home buyers.
The NDP and Liberals have made life so expensive that too many Manitobans struggle to make ends meet, let alone save up for the down payment and closing costs of buying their first home. The unfair Land Transfer Tax hits young Manitobans hard, so our government will eliminate this hurdle and help make the dream of owning a home a reality.
In Manitoba, homebuyers must pay a Land Transfer Tax, calculated on fair market value, and a registration fee. The Land Transfer Tax costs approximately $5,700 on the average detached single-family home sold in Winnipeg in July.
Remember, it was a previous NDP government that created the Manitoba Land Transfer Tax in 1987, currently among the highest in Canada, which the NDP increased in 2004.
While the federal NDP-Liberal coalition ignores the consequences of their inflationary deficits, only a PC government will continue taking action to improve housing affordability in Manitoba permanently.
Eliminating the Land Transfer Tax builds on historic tax measures in Budget 2023, as well as new PC commitments to keep more money in the pockets of Manitoba families so they can make ends meet.
Let’s make Manitoba better together; please vote for Kevin Klein on October 3, 2023.