The Housing Market and Canada’s Economic Recovery
A healthy housing sector, able to meet a broad range of needs, is a vital part of the economic and social wellbeing of any community. Whether they are recent college graduates, new immigrants, or senior citizens, Canadians at various income levels and stages of life have different housing needs.
Local governments have been implementing an array of initiatives to increase and preserve the supply of rental and affordable housing. Providing tax exemptions, addressing intensification and redevelopment, streamlining approvals, and exploring alternative development standards, municipalities are doing their part; but they can’t do it alone.
FCM's report, The Housing Market and Canada’s Economic Recovery, is calling on the federal government to provide low-interest loans to finance new rental construction; reform the tax system to prevent the demolition of existing rental housing; and provide incentives to lower rental costs through better energy efficiency.
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