The removal of GST will have an ‘immediate’ impact on rental builds

by | Sep 19, 2023 | Blog

Just days after Canada Mortgage and Housing Corporation warned of a dire housing shortage, the Canadian federal government announced it would remove the Goods and Services Tax (GST) on the construction of new apartment buildings for renters. To build more rental housing, the removal of GST will apply to new purpose-built rentals, meaning apartment buildings, student housing, and senior residences built specifically for long-term rental accommodation.

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