The title is a bit misleading and makes it sound like it’s a one time payment. It’s very different, he’s promising to exempt up to $3000 a month towards your housing costs from income taxes. Starting at $1500 a month in 2026 and going up $500 a year for 3 more years. At the max, it would be a $36,000 a year tax deduction which is absolutely massive, that’s half of the average family income.

Great idea? It’s complicated, but probably not a good idea.

When you make something “cheaper” for everyone like this in a supply constrained market, all that does is drive up the prices of rents and housing sale prices since people can now use that freed up money to pay more for those.

Also, his plan to pay for this multi-billion dollar plan is:

“Obviously, we need to take a look at this reckless spending that David Eby has put in place in terms of how to sort of rein in some of that spending,” said Rustad.

So that’s not really “fiscally conservative” at all.