QSA's Week in Construction (#7, 2024)
Government's 4 million homes plan; GST removal on student residences; Mortgage reforms announced; Federal properties unlocked for housing; Senate discussions on monetary policy.
Start Date: 2024-11-16
End Date: 2024-11-22
Top Headlines
Main Stories
Canada's Ambitious Housing Plan Targets 4 Million New Homes
The Canadian government has unveiled its most ambitious housing plan, aiming to build nearly 4 million new homes. Measures include cracking down on large investors in single-family homes, removing GST from student residences, and unlocking underused federal lands. Consultations are underway to address the financialization of housing and to ease rental housing pressures. The plan also introduces significant mortgage reforms, allowing more flexibility for borrowers to switch lenders. These efforts are designed to make homeownership more accessible across generations.
Sources: ['Announcements: www.canada.ca']
