NDP pitch plan to help young people become home owners

Amanda Jess
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STELLARTON – Post-secondary students were a prime target for voter pitch Thursday in the Nova Scotia election campaign.

MLA Ross Landry and Premier Darrell Dexter interact with culinary instructor Gilles Godin and his students during a campaign stop at NSCC Pictou Campus. Amanda Jess – The News

Premier Darrell Dexter made a stop yesterday at the Nova Scotia Community College Pictou Campus after an announcement from the New Democratic Party offering housing options for new graduates.

“The problem with most kids is they’re making enough for a mortgage, but can’t save for the down payment,” said the NDP leader.

Dexter hopes to roll out the Graduate Home Ownership Assistance Program in 2014. It is meant to make owning a home easier for young adults coming out of school with meagre savings and possible debt. 

He said many newly graduated students are paying in rent what they would pay on a mortgage, so it’s the down payment holding them back from owning a home.

“It delays one of the biggest steps in their lives,” Dexter said.

The program would be a part of Housing Nova Scotia and offer more flexible plans for those looking for a more permanent residence.

It wouldn’t require graduation from an institution in Nova Scotia, meaning new Nova Scotia citizens would have access to the benefits as well.

Dexter says this idea comes from feedback by students and personal experience. He had to wait 10 years before he could buy a home because of student loans.

This announcement comes the same day the Nova Scotia Liberal Party leader Stephen McNeil unveiled plans for a graduate-level student scholarship program to encourage research. 

The scholarships would be given to approximately 300 students in post-bachelor degree programs with a value between $10,000 and $15,000. 

“What is the new product that will define the next generation like the Blackberry and iPhone have defined ours? What will be the new advancement in digital social interaction that helps small businesses reach new markets? What new agricultural product can be developed to better protect our home-grown produce during planting and harvesting seasons? These are all questions that can be answered right here in Nova Scotia,” McNeil said in a press release.

The Liberal Party also said in a release earlier this week they believe interest shouldn’t be charged on student loans.

Dexter spent the day in Pictou County campaigning with all three local candidates.


 HYPERLINK "mailto:Amanda.jess@ngnews.ca" Amanda.jess@ngnews.ca

On Twitter: NGNewsAmanda

Organizations: Nova Scotia Community College Pictou Campus, New Democratic Party, Liberal Party

Geographic location: Nova Scotia, Pictou County

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Recent comments

  • we need job,s
    September 17, 2013 - 11:34

    Just wondering if anyone reads those remarks back to Dexter , hoping that he will see what we really need here in Pictou County , Take a walk Dexter through some of the places that are closing and help restart people getting back to work .

    September 17, 2013 - 08:02

    This is kind of ridiculous. What is Dexter going to do about NS having the HIGHEST tuition in the country? Probably nothing. Thanks for throwing me a bone on Home ownership there Darrell, but the real problem is you put me so far in the hole with your out of control tuition rates.... as a new graduate from post secondary I'll be well into my thirties before it's anywhere remotely economically feasible to consider purchasing a home. Thanks alot.

  • Johnny Mac
    September 16, 2013 - 12:11

    Don't forget we also need that 1% deed transfer tax on top of the down payment to purchase a house now. So to by a house a $150,000 with a 7% down payment and 1% transfer tax you need about $12,000. good luck havingthat right out of university and having student loans to pay off.

  • Perturbed
    September 15, 2013 - 08:33

    Seriously? This to entice young voters? Has the premier taken a good look at the number of University Students coming out of graduation with already over-whelming debt? Or did they neglect to look at that part? High interest rates on Student Loans should be lowered and looked into prior to giving graduates more of a debt-load. Give your heads a shake.

  • Chris Wood
    September 14, 2013 - 11:47

    Here go buy a new house graduate but good luck finding a job to pay for it. Darrell Dexter is absolutley useless. Way to come up with a complete waste of tax dollars.

  • out of work
    September 13, 2013 - 10:31

    Just wondering and I know this has nothing to do with the write up on the students getting a home faster , but could you please try to put some workers back to work in Pictou County , neither one of you have ever walked through Nova Forge to see 40 plus workers that have lost their jobs ,

  • Not Fooled
    September 12, 2013 - 20:51

    Strange that the premier & his band of merry men (& women) didn't think this one up during the past four years they have been in power.