The Montreal Ensemble Chef, and candidate for the town hall of the metropolis, Soraya Martinez Ferrada, announced measures on Sunday to facilitate the purchase of a first property, in particular for young families in the middle class.
“We must absolutely brake the exodus of Montreal families,” said Soraya Martinez Ferrada on Sunday during a press briefing in the morning.
She is committed to “completely” review the support program for residential acquisition and work in concert with the Montreal Housing and Development Company (SHDM) to deploy various initiatives.
“The current program lacks ambition,” she said.
For the first two years of the mandate, the first buyers of a new property could be offered financial assistance equivalent to the “welcome tax“. They could also benefit from aid to bring together their funding. The eligibility of buyers to these aids will nevertheless depend on the price of the property.
Together Montreal will also study the possibility of establishing two other initiatives: developing a program to allow tenants to invest part of their rent in a funding, and support the creation of owners’ housing cooperatives.
These measures are added to the commitments already made by Ensemble Montréal to create an access program for property dedicated to families and to allow the first buyers to spread the payment of the welcome tax in 12 payments, without interest, to the purchase of an existing property.
Transition Montréal offers new measures to promote active mobility
In the wake of the announcement of the Montreal project manager, Luc Rabouin, to set up 1000 new Bixi stations, Transition Montréal also committed to continuing the development of security development for cyclists, but also to diversify the offer of the Bixi service.
“It takes more electric assistance bikes, more stations and, if I am elected mayor of Montreal, I undertake to deploy in 2026 baby seats adapted to the Bixi bikes,” said Craig Sauvé, Head of Transition Montreal and candidate for town hall, by press release.
