Calgary voters head to the polls Monday: What you need to know
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Voters across Calgary will head to the polls Monday to cast their ballots in a federal election marked by tight local races and a high level of voter engagement.
This election is shaping up to be more competitive than in recent years in Calgary ridings, where Conservatives typically have a strong grip. Mount Royal University political science professor Lori Williams expects high voter turnout across Calgary, driven by closely contested ridings and voter concerns about affordability and issues related to the United States.
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Carney's election promise is part of the government's plan to temper Canada's ongoing cost-of-living and affordability crisis New home construction. Photo by Brent Calver / Postmedia Network OTTAWA — Giving new homeowners a break will cost the government billions, a new report from Canada's fiscal watchdog says. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The report released Wednesday by the office of Parliamentary Budget Officer Yves Giroux says the key election pledge from Prime Minister Mark Carney offering new homebuyers full GST rebates on new homes valued under $1 million, and partial rebates for homes up to $1.5 million, will cost $1.9 billion over six years. 'Across its term, we project that the proposed rebate will provide rebates for about 71,711 purchases of new homes by first-time homebuyers purchasing homes valued under $1.5 million,' the report stated. 'This represents a subsidy averaging $26,832 for 4.8% of housing completions over this period.' Carney's election promise, adapted from proposed policies touted by the Conservatives during this year's federal election campaign, is part of the government's plan to temper Canada's ongoing cost-of-living and affordability crisis. This advertisement has not loaded yet, but your article continues below. Read More Bill C-4, the legislation intended to enact this policy, passed first reading in the House of Commons last Thursday. Based on current trends and available home sales data, the report estimates the legislation will provide rebates for a little under 72,000 new homes valued under $1.5 million, representing an average subsidy of $26,832. Over the program's six years, the report estimates about 1.5 million homes and apartments will be completed, of which 836,000 will end up in the ownership, condo and co-op markets. Of those, the report estimates 407,948 will be purchased as primary residences, 81,146 of which will be eligible first-time homebuyers, and 77,253 will be under the $1.5-million value threshold. A report issued last week by Desjardins Economics suggested the rebate could save new homebuyers up to $240 on their monthly mortgage payments on an all-in, tax-included price of a $1-million home, with a slightly smaller down payment. bpassifiume@ X: @bryanpassifiume NHL Sunshine Girls Sunshine Girls Editorial Cartoons Columnists
