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Conservatives will scrap federal tax on new homes

The federal Conservative leader is promising to scrap the federal tax on new homes.

Pierre Poilievre said the move would apply to all homes sold for under $1 million.

He claims it would spark 30,000 extra homes built each year across the country.

According to the Conservatives, the tax cut would save $40,000 in mortgage payments on an $800,000 house.

Poilievre said he would also push provinces to remove their sales tax from new home sales.

  • Brad Perry is an award-winning news anchor and reporter and a 2013 graduate of the NBCC journalism program. Based in New Brunswick, he is also the assistant national news director for Acadia Broadcasting. Contact Brad at perry.brad@radioabl.ca.

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