Saskatchewan Party would help young adults with down payments: Wall
Saskatchewan Premier Brad Wall is seen at a news conference in Regina on Saturday, Jan. 23, 2016. (Mark Taylor/THE CANADIAN PRESS)
The Canadian Press
Published Monday, March 14, 2016 1:36PM EDT
SASKATOON - Saskatchewan Party Leader Brad Wall has announced a plan to help young adults buy their first homes.
The premier says his government, if re-elected, would allow anyone receiving benefits under the graduate retention program to use up to $10,000 for a down payment.
The program provides tax credits to young people who stay in Saskatchewan to work after they finish university.
Wall says many young people have told him they could afford to make monthly mortgage payments once they start working.
But they say they have a hard time saving enough for a down payment.
Wall says the program would cost $900,000 in the first year and go up to $3.6 million by the fourth year.