Lock base home prices

AI summary

Petitioners ask the government to require developers lock base prices before tax changes and pass rebates to buyers, tie federal infrastructure funding to municipal six-month permit limits, and set binding KPIs to cut freehold prices to 3–4× income and build 3.5M homes in two years.

AI summaries describe petitioners’ requests and claims. Consult the official record for the full text.

Official petition

Petition to the House of Commons Canadian real estate prices are entirely disconnected from average incomes, preventing citizens from achieving freehold homeownership; Broad housing tax relief initiatives, like enhanced GST/HST rebates, are weaponized by private developers who systematically increase base list prices upon a policy’s announcement to pocket the subsidies rather than passing savings to buyers; and Current development trends have over-indexed on small, high-density investor units rather than the spacious, ground-oriented family homes Canadians actually need, while chronic municipal bureaucratic delays artificially constrict the volume of new single-family housing supply. We, the undersigned, Citizens of Canada, call upon the Government of Canada to enact strict anti-gouging regulations forcing developers to lock in base list prices prior to tax changes, mandating that any new rebate must legally reduce the consumer's final purchase price from that auditable baseline. 1. Condition federal infrastructure funding on municipal governments implementing a strict, non-negotiable six-month maximum approval window for all single-family and ground-oriented residential building permits; 2. Eliminate federal, provincial, and municipal red tape to rapidly get shovels in the ground for traditional single-family homes and townhomes; and 3. Establish a binding national Key Performance Indicator (KPI) to restore structural housing affordability, explicitly targeting a reduction in average freehold home prices back down to a sustainable ratio of no more than 3 to 4 times the average Canadian household income as well as exceed the 5.8 million homes target set out by the CMHC prior to 2030, including building 3.5 million homes over the next two years - largely concentrated in crisis areas such as the GTA and GVA.

Government response

No government response is available yet.