Poilievre promises to abolish federal sales tax on new homes under $1 million

The Conservatives estimate the new measure will reduce the cost of an $800,000 home by $40,000 and spur construction of another 30,000 homes per year

Conservative Leader Pierre Poilievre says if his party forms government, it will scrap the federal sales tax on new homes sold for less than $1 million and push provinces do to the same.

Poilievre makes the case for the cut in a six-minute video published online today, arguing governments are partly to blame for high home prices because they’re charging too much in sales taxes.

The Conservatives estimate the new measure will reduce the cost of an $800,000 home by $40,000 and spur construction of another 30,000 homes per year.