The Trudeau government is expected to announce the removal of the GST on the construction of new rental apartment buildings in Canada, Global News has learned.
That means a 5% savings for new builds as a way to incentivize builders and increase supply during a time of high-interest rates.
However, experts have said it takes at least 2 to 3 years before a GST rebate will be felt in the Canadian housing market.
Mackenzie Gray reports from London, Ont.
For more info, please go to https://globalnews.ca/news/9960567/ottawa-remove-gst-new-rental-apartment-builds/
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