WILL THIS HOUSING ANNOUNCEMENT BY THE FEDS WORK? i THINK NOT!!!!
Thursday Sep 28th, 2023
Prime Minister Justin Trudeau and Minister Sean Fraser made a major housing announcement that will help increase supply and help Canadian families find affordable homes that meet their needs.
The initiatives the Federal Government announced include:
- Introduction of legislation to remove GST on the construction of new purpose-built rental apartments.
- A call for provinces that currently apply provincial sales taxes to match the federal rebate for new rental housing.
- A requirement that local governments end exclusionary zoning and encourage building apartments near public transit in order to have Housing Accelerator Fund applications approved.