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Canadian Government to Increase Housing Supply and Target Short-Term Rentals in Tax Reforms

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The fall economic update will include $15 billion in low-interest loans to build 30,000 more rental housing units across Canada. The government also plans to crack down on short-term rentals to expand long-term rental supply.

Canada, Government, Fall Economic Update, Housing Supply, Tax Reforms, Short-Term Rentals, Low-Interest Loans, Rental Housing Units, CMHC, Builders

The Canadian government's fall economic update will include new money to increase housing supply and tax reforms targeting short-term rentals. $15 billion in low-interest loans will be opened up to build 30,000 more rental housing units across Canada. The money will go from CMHC to builders to push ahead projects currently on the shelf. The government also plans to crack down on short-term rentals to expand long-term rental supply.

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