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Canada's housing agency examines 1970s tax shelter as it seeks solutions to rental crisis

Summary by Ground News
The Canada Mortgage and Housing Corporation is reviewing a long-abandoned tax shelter. The MURB scheme was introduced in 1974 and ended in 1982. It was credited with encouraging the construction of about 195,000 units at a cost of $2.4 billion. The CMHC said there are some questions about the program's true influence.

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Canada's housing agency examines 1970s tax shelter as it seeks solutions to rental crisis

Canada’s housing agency has reached back nearly five decades to examine a long-abandoned tax shelter that was aimed at spurring the construction of apartment buildings, one that was also reportedly abused by investors.

·Canada
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CBC News broke the news in Canada on Monday, September 18, 2023.
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