Home building picks up in April except in Toronto — via financialpost Economy RealEstate
This advertisement has not loaded yet, but your article continues below.The plan would also target demand, as Finance Minister Peter Bethlenfalvy said the government would stick to its plan of increasing the Non-Resident Speculation Tax to 20 per cent from 15 per cent.includes a similar plan to add 1.5 million homes. He would also create an Ontario Home Building Corporation to build affordable homes for first-time buyers, as well as relax zoning rules to allow for more multi-family buildings.
Overall, urban housing starts saw a 10 per cent monthly boost in April to 245,324 units, largely driven by multi-unit gains of 14 per cent to 178,092 units. Single-detached urban starts increased by about one per cent for the month to 67,232 units. Housing starts in rural areas came in at an adjusted annual rate of 22,006 units.
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