N.L. Liberals have five-point plan to create 'upwards of 500 new housing options'

ST. JOHN'S, N.L. — The government of Newfoundland and Labrador has a five-pronged plan to see “upwards of 500 new housing options added to the market.”

Like multiple provinces have done, and in the spirit of Ottawa’s decision to remove the HST portion from new rental builds, N.L. will now do the same, knocking off the GST/HST on new purpose-built rental housing. 'It's not shelters we want to be in': Tent city occupants sick of falling through cracks in Newfoundland and Labrador

For lower-to-moderate-income would-be homeowners who have already qualified for a mortgage, a new assistance program will shore them up with the required downpayment and up to $1,500 to assist with closing costs, matching the fed’s first-time home buyer’s credit.

Source: Real Estate Daily Report (realestatedailyreport.net)

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