The GTA’s housing sector is calling on federal and provincial governments to accelerate tax, financing, and regulatory reforms to address persistent supply shortages. A joint statement by TRREB and a coalition of industry stakeholders highlights a concerning collapse in confidence across the development pipeline, with tens of thousands of approved homes remaining unbuilt. The coalition advocates for measures like expanding the GST rebate on new homes, modernizing financing for rental and missing-middle housing, and reforming development charges. They warn that stalled demand and frozen capital risk future shortages when demand inevitably returns. For a deeper dive into the proposed solutions and the GTA’s housing challenges, read the full article on Financial Post. Subscribe to stay updated on the latest GTA real estate news and market trends.
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