The federal government recently announced an enhancement to the Goods and Services Tax (GST) Rental Rebate on new purpose-built rental housing to encourage the construction of much-needed rental housing stock across the country. If passed, this action will contribute to greater affordability in the rental market, as the removal of GST will apply to new purpose-built rental housing. This includes apartment buildings, student housing, and senior residences built specifically for long-term rental... [read more]