Ontario eyes potential tax changes to spur rental construction - constructconnect.com

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TORONTO — Ontario's municipal affairs and housing minister says he is looking at potential tax changes to spur the creation of rental units. Speaking recently at the Association of Municipalities of Ontario conference, Steve Clark reiterated a call for t

August 23, 2023

He also said if Ottawa does not take that step, Ontario will take action itself, though he did not offer details. He says the new definition would largely be based on language in the 2020 Provincial Policy Statement and would take local income levels into account. “I heard very clearly about the need to provide both clarity and stability so affordable homes can be built without delay.”“Any definition of affordable housing needs to consider everyone’s ability to pay the rent,” Colin Best wrote in a statement.

 

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