Macdonald Real Estate Group President Jonathan Cooper’s latest piece for Real Estate Magazine focuses on the Canadian government’s recent housing initiatives ahead of the upcoming federal election. He notes that lengthy bureaucratic processes involved in fund distribution may limit their immediate impact on housing supply. To this, Jonathan suggests two bold measures: a federal subsidy for Community Amenity Contributions (CACs) to reduce housing costs and the elimination of GST on all housing types to directly alleviate affordability challenges, which aim to streamline government intervention and make housing more accessible.
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This article originally appeared on RealEstateMagazine.ca
