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Tag Archives: Housing News

Developer to build 5K rental units, cites Liberals’ GST break as motivator

A Toronto-based real estate company says it is planning to build 5,000 new rental units in urban centres across the country as a result of the federal government’s decision to eliminate GST charges on rental developments. The CEO of Dream Unlimited Corp., Michael Cooper, says high interest rates and construction …

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Rents in Canada are through the roof. Here are the most expensive cities

Rent prices are through the roof across Canada as decades-high inflation has increased the cost of living in the country. The national average rent last month was $2,005 – an increase of more than 12 per cent compared with December 2021, according to Rentals.ca’s January 2023 Rent Report. Vancouver remains …

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