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Rt. Hon. Justin Trudeau
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We will make it easier for Canadians to find an affordable place to call home.
As part of our new, ten-year investment of nearly $20 billion in social infrastructure, we will prioritize significant new investment in affordable housing and seniorsfacilities.
We will undertake a review of escalating home prices in high-priced markets – like Vancouver and Toronto – to determine whether speculation is driving up the cost of housing.
We will increase the new residential rental property rebate on the GST to 100 percent, eliminating all GST on new capital investments in affordable rental housing.
This wll provide $125 million per year in tax incentives to increase and substantially renovate the supply of rental housing across Canada.