The mission of the Government Relations Department of the Québec Federation of Real Estate Boards is to defend the interests of Federation members among government authorities, as well as implement, promote and lobby on a variety of real estate related issues and interests.
Social Housing – Lines of Thinking
2010-2011 Québec Budget– Extraordinary Measures by Minister Bachand
Four Avenues for Intervention to Help the Housing Sector
2010 Federal Budget: Measures for the Real Estate Market
On March 4, the Minister of Finance of Canada, Jim Flaherty, tabled his federal budget for 2010. Below are the principal points announced in the budget affecting the real estate market:
Due to unprecedented demand under the ecoENERGY Retrofit – Homes program, the Government is allocating a further $80 million to support additional retrofits by Canadian homeowners. In total, the Government has provided $585 million to the program under the Economic Action Plan.
The Government will bring forward regulations to bring greater clarity to the calculation of mortgage pre-payment penalties.
Continuation of the tax credit for first-time home buyers.
Repeal of the tax credit for home renovation.
No modifications to the Home Buyers’ Plan (HBP).
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