In this episode of The Very Real Estate Effect Podcast, Axel discusses the recent government announcement to cut the GST (Goods and Services Tax) on new rental buildings, aiming to boost construction.

 

This tax cut eliminates the 5% federal tax on new rental properties, making real estate development more appealing to investors and developers. According to Axel, it won't lead to an immediate increase in rental units; it's a medium to long-term solution taking 18 months to two years to impact the market. He emphasizes the importance of collaboration between federal and provincial governments to address housing challenges effectively.

 

Dive in! Learn about the government's GST cut on new rental buildings and its implications for real estate development, primarily in Quebec. Understand how government policies impact the industry.

 

Axel invites further discussion and expert analysis, acknowledging that the long-term effects of this policy change are yet to be fully understood.

 

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