\u0027There\u0027s a caveat — the need for careful analysis and a balanced perspective in assessing the broader implications,\u0027 writes Stu Niebergall.
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On the surface it appears to be a bold step by reducing the sales tax on building new rental properties, but it must contextualize that government policies for almost a decade have made it much more difficult to purchase a new home. This will lead to more competitive rental prices, relieving the burden on low- and middle-income individuals and families struggling to find affordable housing.The next issue of will soon be in your inbox.Also, reducing the GST on new rental property construction most likely will stimulate economic growth within the construction industry, which sustains jobs.
Our province pays a price for challenges in other regions of the country. The challenge facing the federal government is finding the right balance between promoting affordable rental options and preserving the Canadian dream of homeownership.
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