🇨🇦There goes Carney talking about fairness again.
Principal Residence Home Tax coming directly or indirectly.
They are coming for your assets in name of fairness for all.
He’s just a male Freeland.
— Contrarian (@ContrarianTribe) June 13, 2025
The warning signs are everywhere. Mark Carney’s latest remarks on fairness and economic policy have reignited concerns that the Liberals are preparing to target home equity with a Principal Residence Home Tax. The idea has been floated before, but now the groundwork is being laid for a direct or indirect grab at private assets.
The numbers tell the story. Canada’s private housing market is valued at $4.7 trillion, making it the largest single pool of private wealth in the country. The Liberals have long viewed this as an untapped revenue source, and Carney’s rhetoric suggests they are inching closer to implementing a tax on home equity.
The Canadian Mortgage and Housing Corporation has spent hundreds of thousands of taxpayer dollars studying how to implement a home equity tax, despite repeated denials from government officials. The research continues, and the policy discussions behind closed doors are becoming harder to ignore.
The strategy is clear. The Liberals failed to sell the carbon tax as an environmental solution, and now they are shifting focus. Redistribution remains the goal, and homeownership is the next target. The justification will be fairness, but the reality is simple. They are coming for private assets, and homeowners will pay the price.
Sources:
https://www.westernstandard.news/opinion/morgan-carneys-liberals-are-eyeing-your-home-equity/63897
https://www.cbc.ca/news/politics/election-2025-leaders-assets-1.7499198