Prime Minister Justin Trudeau has announced the elimination of the goods and services tax (GST) for new rental apartment construction to reduce costs for builders due to high interest rates set by the Bank of Canada.
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The federal and New Brunswick governments will invest more than $13.3 million to support the construction of three housing projects in Miramichi, including the East Side Affordable Housing Development (ESAH) project.
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Cadillac Fairview Corporation Limited (CF) has announced the start of construction of a 288-unit residential rental building, The Rideau Registry, integrated with CF Rideau Centre, Ottawa’s largest and busiest shopping mall, and the historic city building, the City Registry Office.
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Toronto-headquartered developer, Main + Main, and Burlington-based real estate investment company, Equiton Inc., broke ground on a rental development, which aims to add much-needed housing to Ottawa’s core.
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A new proposed development, designed by Sweeny&Co Architects, aims to alleviate the housing crisis in Toronto, Ontario, by building four towers containing a mix of 1400 condos and rental units; with 70 per cent of them designed to be affordable.
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The new LABO rental housing project will transform one of Canada’s first pharmaceutical labs, at Dawson College’s former Selby campus, into New York-inspired rental housing.
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