The Liberals and Greens have announced plans to make housing more affordable if they are elected to govern on Monday.
In Fredericton, Green Party Leader David Coon said his party would reform the property tax system to ensure residents are not hit with significant property tax or rent increases. Coon said property assessments in New Brunswick continue to skyrocket because they are tied to industrial rates, a system the Greens would change if elected.
“No one should ever be taxed outside their home,” Coon said in a statement. “We need to overhaul this system…. Landlords should not have to bear the burden of corporate tax subsidies.”
Coon has promised to change the property assessment system for apartment buildings to reward landlords who charge low rents. To do this, he said, the Greens would base assessments on rental income rather than property value.
Additionally, the Green leader reiterated his promise to impose a rent cap tied to each rental unit, not just the tenant, to prevent new landlords from evicting people in order to take advantage of large rent increases.
In Saint John, Liberal Leader Susan Holt said her party would create a fund to help the community and non-profit sectors build more affordable housing.
“This fund will allow them to do even more to help New Brunswick close the gap in housing supply, particularly for affordable housing options,” Hold said in a statement, which did not include the amount of money that would be invested in the fund.
Earlier in the campaign, the Liberals announced proposed initiatives focused on landlords, tenants and private developers. Among other things, the Liberals promise to build 30,000 housing units, impose a 3 per cent rent cap, reform the property tax system, eliminate the provincial sales tax on new multi-unit developments and to increase investments in modular projects built in New Brunswick. accommodation.
Meanwhile, Progressive Conservative Leader Blaine Higgs planned to make a campaign stop at a shopping center in Woodstock, New Brunswick, and speak to the media, but he had no other public events on his schedule.
This report by The Canadian Press was first published October 17, 2024.
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Last modification: October 17, 2024