Trudeau Urged to Change Taxes, Adopt ‘Industrial Strategy’ for Rental Housing
- Prime minister under political pressure to lower rental prices
- Canada must accelerate homebuilding to fix ‘crisis’: report
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Prime Minister Justin Trudeau is being advised to create an “industrial strategy” to address Canada’s housing shortage, including tax changes and cheap financing to spur builders to create about two million new rental units in seven years.
The country needs to effectively triple the pace of homebuilding to alleviate a housing crunch that’s being exacerbated by rapid population growth, according to a new report from three experts in housing policy.