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Investing.com -- Today, Pierre Poilievre, the Leader of the Canadian Conservative Party, launched a scathing critique of current Prime Minister Mark Carney's Liberal housing policies while outlining his tax-cutting strategy for homebuilding. Ahead of the April 28 election, Poilievre announced his intention to expedite the construction of new homes by cutting homebuilding taxes by $100,000 per home, encouraging municipalities to reduce building taxes, and eliminating the federal sales tax on new homes.
To ensure transparency and accountability, Poilievre's plan includes a requirement for municipalities to publicly report development charges and detail the use of federal reimbursements for reducing these fees. He blamed the Liberal government for allowing taxes and development charges to "spiral out of control" over three terms, which he claims has made housing more expensive.
Poilievre accused the Liberal government of rewarding municipal politicians who increased development costs, leading to a decline in homebuilding in densely populated areas like Toronto, Ottawa, and Victoria. He criticized Carney's housing minister for continuing to fund municipalities that have raised homebuilding taxes, asserting that it is a continuation of the same Liberal policies that have doubled housing costs.
The Conservative contended, "More money from a new home today built in Canada goes to beurecrats in office buildings than goes to the carpenters, electricians, and plumbers that actually built the homes."
In a direct attack on Carney, Poilievre claimed that the Prime Minister plagiarized his way through university, echoing accusations of plagiarism in Carney's Oxford PhD thesis. Poilievre also alleged that Carney copied former Prime Minister Justin Trudeau's housing commitments, which he forecasts will bear no fruit.
He criticized Carney's pledges to fund modular housebuilding, citing a conflict of interest due to Carney's former role leading Brookfield Asset Management (TSX:BAM), a company invested in modular homebuilding. According to Poilievre, this approach benefits bureaucrats but fails to address the housing needs of Canadians.
Concluding his speech, Poilievre promised to restore the possibility of homeownership by removing bureaucracy, incentivizing municipalities to accelerate permit processes, and supporting tradesmen with tax cuts to boost construction. "We cannot afford a fourth Liberal term of doubling housing costs," he stated, emphasizing his commitment to building more homes for Canadians.