Ontario's municipal affairs and housing minister says he is looking at potential tax changes to spur the creation of rental units.
Speaking Tuesday at the Association of Municipalities of Ontario conference, Steve Clark reiterated a call for the federal government to defer the HST on all new, large-scale purpose-built rentals.
Legislation last year from Clark introduced cuts to those fees for building affordable, attainable and non-profit housing units in a bid to see savings passed along to homebuyers and renters.Clark says he plans to introduce new legislation in the fall to incorporate income factors into the definition to ensure low- and moderate-income Ontarians can find a truly affordable home.
"Over the past year, my ministry has been working very closely with municipalities and stakeholders to arrive at the definition of affordable housing that's genuinely affordable, but which doesn't stand in the way of getting shovels in the ground," Clark said.
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