We've gotten the details for the Canada first home savings account (FHSA).
https://www.canada.ca/en/department-...s-account.html
It is basically like the best parts of TFSA and RRSP combined into one 40,000 savings account for purchasing a home. If you are young and trying to afford a home, it is great. It is a political win. But....I don't like it.
The central contradiction with housing policy is if you ever doing something to help people buy a home, to make it easier in some way, that puts upward pressure on the prices of homes which makes it harder! It really is a thorny issue and I've seen many proposed policies by all parties all of which fall to this central issue, and this one does too. Instead, I'd have preferred they tax every single dollar lost in tax collection and instead spend that money on creating mixed- or low-income housing. That is, to create more houses not to make it easier or harder to access the existing inventory.
There is one element I like which is that broadly speaking in society I think our wealth curves as a function of age tilt too far to the right. I.e. people in their 20s really struggling to make ends meet and ideas of home ownership impossibly out of reach while people in their say 50s have benefited from the explosion of house prices and years of wealth accumulation and have functionally as much money as they could need. I think our society would be slightly better if we slightly tilted wealth to the left, and this policy does that.
Also I'm just bitter as someone who bought my house 3 years ago