Newspaper article The Canadian Press

Saskatchewan Party Would Help Young Adults with Down Payments: Wall

Newspaper article The Canadian Press

Saskatchewan Party Would Help Young Adults with Down Payments: Wall

Article excerpt

Saskatchewan Party has plan for down payments

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SASKATOON - Saskatchewan Party Leader Brad Wall has announced a plan aimed at helping young adults buy their first homes and keep them in the province.

The premier says, if re-elected, his government 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.

He says buying a home is a sign of growth for the province.

"A better sign that they're going to stay here for the long-term is if they buy a house, if they put down roots," Wall said Monday. …

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