Durham PC Association

Encouraging the Dream of Home Ownership Must Be Central Part of Economic Recovery: Hudak NEWS BARRIE – Ontario PC Leader Tim Hudak today addressed the Barrie & District Association of Realtors and expressed his belief that any economic recovery plan must include making the dream of home ownership more affordable for Ontario families. In his remarks, Hudak discussed how Dalton McGuinty’s $3 billion HST tax grab will drive up the costs associated with buying or selling a home. In particular, the HST will be fully applied to closing costs as well as to the value of properties worth more than $400,000. Hudak also used his remarks to explain how an Ontario PC Government could be counted on to govern differently than the McGuinty Liberal Government. In particular, Hudak highlighted how he would favour targeted tax relief over corporate welfare schemes, immediately act to reduce Ontario’s red tape burden, treat energy policy as an economic policy and put in place a plan to cap Dalton McGuinty’s out-of-control spending. QUOTES “A home is not simply a commodity to be taxed like some sort of luxury. A home is where we raise our children. It is a place of comfort and security. But it also is the single biggest investment most of us will make in our lifetime.” – Ontario PC Party Leader Tim Hudak “While Barrie’s real estate market is slowly strengthening, the choices being made today by the McGuinty Government threaten the real estate industry’s fragile recovery.” – Ontario PC Party Leader Tim Hudak QUICK FACTS Under Dalton McGuinty, the Barrie Census Metropolitan area has seen a 69% decline in new housing starts over the past year. According to the Canadian Federation of Independent Businesses, red tape and regulation cost Ontario businesses $11 billion per year. It took 23 Ontario Premiers 136 years to amass $148 billion of debt. Dalton McGuinty is on course to single handedly double that debt total by 2012-2013. The HST will slap an additional $1,500 in new taxes onto the closing costs of the average re-sale transaction. More Ways to Get Involved


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