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<\/a>Photo:\u00a0pololia<\/a> \/ Adobe Stock<\/em><\/p>\nThe federal Liberal and NDP parties have reached a new collaborative agreement on common policy goals, including actions to make housing more affordable and accessible in Canada.<\/p>\n
In a press conference on Tuesday, Prime Minister Justin Trudeau announced the two parties had reached a new supply and confidence agreement, Delivering for Canadians Now<\/em>, which he said will let the government “function with predictability and stability.\u201d<\/p>\n As part of the agreement, the NDP would support the government on confidence and budgetary matters, including budgetary policy and budget implementation bills, while the Liberals would commit to govern for the lifetime of the agreement, according to a statement released<\/a> by the parties. The NDP would not move a vote of non-confidence or vote for a non-confidence motion during the arrangement, and both parties have agreed to communicate regarding any issues that could cause unnecessary legislative obstructions.<\/p>\n\n The agreement, which took effect on Tuesday, March 22nd, will be kept in place until Parliament rises in June 2025. Four budgets will be presented by the government within that time frame. The parties stated<\/a> that nothing in the supply and confidence agreement would undermine Parliament\u2019s role \u201cto hold the government to account.\u201d<\/p>\n \u201cBoth parties have identified key policy areas where we share similar objectives, and we\u2019ve agreed to work together to put the needs and interests of Canadians first,\u201d said Trudeau during the announcement. \u201cThis agreement is not about comprising the core beliefs of either of our parties or denying the differences between us. What it is about is making sure that those differences don\u2019t stand in the way of delivering for Canadians.\u201d<\/p>\n In their statements, the NDP and Liberal parties outlined a prioritized list of actions, including a section that details housing goals aimed at making life more affordable.<\/p>\n One of the key items the agreement prioritizes is the implementation of a Homebuyers\u2019 Bill of Rights and \u201ctackling the financialization of the housing market by the end of 2023.\u201d<\/p>\n The national Homebuyers\u2019 Bill of Rights was introduced during the Liberal\u2019s 2021 federal re-election campaign<\/a>. The bill seeks to make the process of home purchasing \u201cfair, open, and transparent,\u201d by banning blind bidding, creating a legal right to a home inspection and establishing a publicly-accessible beneficial ownership registry, among other policies.<\/p>\n Under the same section, the agreement vows to launch the Housing Accelerator Fund<\/a>, which is designed to grow annual housing qualities in large cities. The Liberals campaigned on investing $4 billion into the fund, with a target of 100,000 new middle class homes by 2024-25.<\/p>\nPromises for Homebuyers\u2019 Bill of Rights,\u00a0Rapid Housing Initiative extension<\/h3>\n