Today, the Federal Government announced it will remove the GST from new purpose-built rental housing developments. Further, the Federal Government will require municipalities to repeal or amend exclusionary zoning policies in order to access Canada’s housing accelerator fund.
“This is a huge and positive move to ensure more affordable housing for our workforce,” said Anita Huberman, President & CEO of the Surrey Board of Trade. “Now we need municipal governments to ensure streamlined, efficient and quick approvals for purpose-built rental housing development proposals.”
“Purpose-built rental housing is an essential part of solving the housing crisis.”
We ask that the Federal Government expedite the implementation of this new policy immediately.
SURREY BOARD OF TRADE POLICY ON PURPOSE BUILT RENTAL HOUSING
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