Federal government legislation to remove the GST from purpose-built rental housing construction in Canada is just a start. "Much more" must be done to ease supply and affordability concerns, a group of industry insiders agreed during an ULI Toronto webinar.
The overall ratio of the commercial property tax rate to its residential counterpart across 11 Canadian cities in 2023 increased from last year, according to a survey by Altus Group Ltd., further straining commercial real estate’s finances.
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