REITs were introduced in the U.S. in 1960 and are active in 41 countries with a combined population of five billion and comprising 83 per cent of global GDP, REALPAC CEO Michael Brooks said during the RealREIT closing roundtable.
Dream Unlimited Corp.’s Michael Cooper says legislation to remove the federal sales tax on construction of rental housing is a “game changer” which allows his firm to develop 5,000 purpose-built rental units in Ottawa, Toronto, Saskatoon and Calgary.
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