Does this No GST only hit apartments and condos (?) or does it actually include single family dwellings too? Everything I’ve seen so far only includes “High-Density” dwellings jamming multiple families under the same roof sort’a thing….& is it only for rental units but not for people that actually want to own their own homes??
The Trudeau government’s move to eliminate GST on purpose built rental housing is being called a good first step by some developers…
Builders worry the rebate will lead to higher land prices, more competition for workers and raise demand for supplies
apple.news
So this is only for rental properties. That’s interesting All by itself.
After a two-day caucus retreat, the Liberals announced that newly built rental units would qualify for a rebate on the GST paid on building supplies and other costs. They also announced plans to put “more pressure” on cities to ease zoning rules to allow for more multi-unit builds and housing density near transit projects.
Housing Minister Sean Fraser said, “We’re going to change the equation and it’s going to grow supply immensely across this country, but it’s also going to change the kinds of homes that people build,” Fraser said.
So temporary homes as rental units, & not homes that individuals can both purchase and occupy.
“We’re going to see more apartments go instead of condominiums that will be rented out or held onto without somebody living in them. We tend to see that apartments rent for a couple hundred bucks less every month than their comparative condominium that goes up.”
The federal Liberals are in big trouble and they clearly don’t know what to do about it. But by God they’re game to try anything, not least on social media. And so it was on Wednesday afternoon that Whitby, Ont. MP Ryan Turnbull (or someone on his behalf)
took to the keyboard to assail Conservative leader (who is not Canada’s Prime Minister at this point) Pierre Poilievre’s housing policy.
(The punchline: Not even 24 hours after Turnbull’s tweet came news that his Liberal party had entirely embraced Polievre’s terribly unfancy proposal.)
Details of Poilievre’s plan that was so horrible that it was adopted by the Liberals can be found here:
Pierre Poilievre understands that behind all those shocking Canadian housing statistics there are real, live and very worried human beings
apple.news
Damn backwards Right Wingers and their lockstep thinking and anti-science stuff.)
There’s nothing novel about the Liberals defending a policy position like the Soviets defended Stalingrad, then abandoning it overnight in favour of the opposite position — and then immediately attacking anyone so stupid or ignorant as to still support the previous policy.
But here, they can’t attack anyone for anything. They’ve conceded Poilievre’s point in full.
“Poilievre’s plan is to cut funding to municipalities so he can intimidate them into building more homes,” Turnbull lamented. “We are already making historic investments in housing, knowing there is much more to do and we are focused on tackling this crisis head-on,”
Under
Poilievre’s proposal, announced 16 months ago and fleshed out on Thursday, “cities would have to increase the number of homes built by 15 per cent each year and then 15 per cent on top of the previous target every year (it compounds).”
“If targets are missed, cities will have to catch up in the following years and build even more homes, or a percentage of their federal funding will be withheld, equivalent to the percentage they missed their target by.”
Cities that exceed their targets — what a lovely dream — would be eligible for a bonus from Ottawa.
Anyway, Globe and Mail reporter Marieke Walsh launched a journalism harpoon right into Trudeau’s thorax. The Liberals’ 2015 platform
had promised that GST exemption, she noted.
“You broke that promise in your first mandate. Now eight years later, after saying that it wasn’t evidence-based and wasn’t needed, you’re saying it is. Why should voters stick with you on this?”
torontosun.com
