Скачать или смотреть UNCUT VIDEO: Manitoba PCs promise to waive land-transfer tax for 1st-time homebuyers

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Manitoba's Progressive Conservatives are promising to eliminate the land-transfer tax for first-time homebuyers if the party wins a third straight term in office.

Rochelle Squires, the PC incumbent for Riel, made the promise Wednesday on the lawn of a home up for sale in Meadowood, a neighbourhood in her south Winnipeg constituency.

Eliminating the tax for first-time homebuyers would make it easier to purchase homes, said Squires. The land-transfer tax for the average detached single-family home is about $5,700, she said.

Tories estimate the land-transfer tax brings in roughly $130 million to $140 million every year among all homebuyers, Squires said. Waiving it for first-time buyers would reduce provincial revenue by $35 million to $40 million a year, she added.

Squires noted former NDP premier Howard Pawley brought in the land-transfer tax in 1987, while Gary Doer's NDP government increased it in 2004.

"It was an NDP government that created the land-transfer tax, which is among the highest in Canada," she said, flanked by PC Burrows candidate Navraz Brar.

Tory Leader Heather Stefanson did not attend the announcement.