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Ottawa still pledging to double construction pace despite home building headwinds
The Liberal government says new housing measures will still aim to add 26,000 units over five years, despite weaker starts and doubts from the budget watchdog.
- Prime Minister Mark Carney's government is maintaining its pledge to double home construction pace over the next decade, citing Build Canada Homes and GST cuts despite economic headwinds.
- The Canada Mortgage and Housing Corp. reported Friday that the six-month trend in annual housing starts increased 3.2 per cent to 256,777 in April, briefly halting a recent downward slide.
- In a May 4 report, Parliamentary Budget Officer Annette Ryan noted the spring economic update lacked specific targets or metrics for home building pace, raising accountability concerns.
- Projections from The CMHC indicate a slow economy could drive starts down to 216,000 by 2028, while the PBO estimated Build Canada Homes will add roughly 26,000 units over five years.
- Opposition Conservatives propose broadening the Liberal GST cut to homes valued under $1.3 million and waiving capital gains taxes on housing reinvestment to further stimulate construction.
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32 Articles
32 Articles
The federal Liberal government is keeping its promise to double the pace of housing construction, even though the construction sector is facing challenges.
·Montreal, Canada
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The Toronto Star+28 Reposted by 28 other sources
Ottawa still pledging to double construction pace despite home building headwinds
OTTAWA - The federal Liberal government is sticking to its pledge to double the pace of home building even as headwinds buffet the construction industry.
·Toronto, Canada
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The federal Liberal government delivers on its promise to double the pace of housing construction, even though the construction sector is facing challenges
Since the budget was tabled, the pace of construction has continued to "lose their momentum." The post Ottawa wants to keep its promise to double the pace of housing construction appeared first on Les Affaires.
Coverage Details
Total News Sources32
Leaning Left23Leaning Right0Center2Last UpdatedBias Distribution92% Left
Bias Distribution
- 92% of the sources lean Left
92% Left
L 92%
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