This HST rebate on new homes seems like a gift to the property speculation industry.
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This HST rebate on new homes seems like a gift to the property speculation industry. Speculators will adjust pricing and margins to absorb some of the rebate. It fits well with the Ford-era/PC political strategy - enrich speculators, attack teaching/nursing unions.
Feds and ON combined will spend about $5B.
I'm thinking >$3B ends up as speculator windfalls, and only a tiny increase in builds.
Approach doesn't work without a public housing gorilla.
Province planning to remove HST on new homes for 1 year | CBC News
Premier Doug Ford announced the plan Wednesday at a news conference in Mississauga, saying the full 13 per cent tax will be removed for new homes valued up to $1 million from April 1, 2026 to March 31, 2027.
CBC (www.cbc.ca)
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R relay@relay.mycrowd.ca shared this topic
