The federal government is removing the GST on all new apartment constructions in an effort to ease the financial burden on builders amid high interest rates.
I would prefer to see more targeted measures to deter speculation, such as Singaporean-style heavy taxation of residential units owned by corporations, non-residents, and owners of multiple homes.
I would prefer to see more targeted measures to deter speculation, such as Singaporean-style heavy taxation of residential units owned by corporations, non-residents, and owners of multiple homes.
That to me is one of the few true solutions, and we know if works because it’s been done elsewhere: