Tag: GST

Slow passage of GST rebate is stalling new home construction

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Image of homes under construction

Earlier this week, the federal government announced Build Canada Homes (BCH), a new federal entity with goal to create more affordable (social), non-market housing. BCH will aim to develop 4,000 homes on federal lands, with the potential to deliver up to 45,000 units across its portfolio using innovative financing and factory-built construction. CHBA CEO, Kevin…

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How lowering the GST on new homes can help affordability while increasing revenue for government

by CHBA Leave a comment
Stacked entry-level towhomes

Government taxes and fees are a major contributor to high house prices, making up as much as 31 percent of the sale price of a home in some regions. And while most of these taxes come at the municipal level, GST (and in some provinces, HST) is also charged. One of the ways the Federal…

Continue reading How lowering the GST on new homes can help affordability while increasing revenue for government