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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