Manitoba's New Democrats are promising to slash taxes for first-time homebuyers.

Currently, the NDP says homebuyers pay land transfer taxes of nearly $4,000 when buying an average-priced Winnipeg home.

If elected Sept. 10, Leader Wab Kinew says his party will cut that tax by $1,000 for first-time buyers.

He says the cut would also apply to people with disabilities.

The party estimates the tax cut would cost about $8 million a year and help approximately 8,000 people.

Kinew says the move encourages young people to build their futures in Manitoba.

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