>A week after the federal and Ontario governments announced they would cut the HST for new homes bought in Ontario for a year, the federal housing minister said he is in talks to expand the initiative.
>“We are in discussions with all of the provinces and territories about taking down the GST for one year on new home purchases,” Housing Minister Gregor Robertson said in an interview with Global News.
>The minister did not provide a timeline as to when agreements with other provinces may be announced, but emphasized that provincial governments will be expected to put up their own money or bring forward new legislation.
>“That does take some negotiating. The provinces have to do the follow-through, working with local governments,” Robertson said.
>“There’s some details to work through here.”
613mitch on
Wasn’t this the Conservatives‘ proposal?
[deleted] on
[deleted]
voltairesalias on
They’re trying to jump start a car that doesn’t have a battery.
I swear to God it’s like the Feds and Provinces operate 3-4 years behind the 8 ball. Canada was chronically under supplied. We then essentially halted immigration amidst record housing starts – and especially purpose built rental starts.
We are now extremely over supplied – at least with condo units. Purpose built rental complexes are half vacant a year after completion. People are literally going broke trying to shed their precons.
They can offer tax incentives and rebates to developers at this point and it would make no difference. No one is building anything because the housing market has essentially flatlined at the national level.
redpandafire on
I actually would rather they cut all red tape between provinces and let qualified people find jobs from BC to Quebec without retraining on everything. Right now, I’d take work over buying a house.
mlandry2011 on
Why removing the GST instead of just lowering the property values.. they have just been skyrocketing and now no one can afford a new house…
That means the only one who’s going to get the GST cuts are going to be the upper class rich people…
This will in no way help homelessness or unaffordable rentals…
gamjatang111 on
This is tax payers indirectly subsidizing home buyers… This means homebuyers can pay more therefore less incentive for prices to go down.
MajorasShoe on
We need wartime housing equivelent efforts here
PlatypusMaximum3348 on
Maybe cut tax on gas, so we can make money to buy a home.
Backward thinking
happypenguin460 on
Save our God the Real Estate and the apostles Developers.
Strict_DM_62 on
GST cuts are the wrong move, it increases demand without increasing the supply; meaning it’ll inflame prices more.
Just put that money towards actually building houses.
Levorotatory on
Eliminate GST on housing, but charge GST on the materials used to build them.
Organic_Hamster_2961 on
I think we should do only a GST cut for first time home buyers buying a home under the average price for their province. Making the tax cut available to anyone is a terrible idea and according to the article the Conservatives want to make it even worse by removing the upper price limit.
CraigGregory on
Can we cut the GST on gas? Something that helps ALL Canadians
Thereal_Stormm006 on
Another non-binding deal that will go nowhere.
luvinbc on
Or a better idea is if you’re a first time home buyer you qualify for a lower interest rate, shoot why not both.
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>A week after the federal and Ontario governments announced they would cut the HST for new homes bought in Ontario for a year, the federal housing minister said he is in talks to expand the initiative.
>“We are in discussions with all of the provinces and territories about taking down the GST for one year on new home purchases,” Housing Minister Gregor Robertson said in an interview with Global News.
>The minister did not provide a timeline as to when agreements with other provinces may be announced, but emphasized that provincial governments will be expected to put up their own money or bring forward new legislation.
>“That does take some negotiating. The provinces have to do the follow-through, working with local governments,” Robertson said.
>“There’s some details to work through here.”
Wasn’t this the Conservatives‘ proposal?
[deleted]
They’re trying to jump start a car that doesn’t have a battery.
I swear to God it’s like the Feds and Provinces operate 3-4 years behind the 8 ball. Canada was chronically under supplied. We then essentially halted immigration amidst record housing starts – and especially purpose built rental starts.
We are now extremely over supplied – at least with condo units. Purpose built rental complexes are half vacant a year after completion. People are literally going broke trying to shed their precons.
They can offer tax incentives and rebates to developers at this point and it would make no difference. No one is building anything because the housing market has essentially flatlined at the national level.
I actually would rather they cut all red tape between provinces and let qualified people find jobs from BC to Quebec without retraining on everything. Right now, I’d take work over buying a house.
Why removing the GST instead of just lowering the property values.. they have just been skyrocketing and now no one can afford a new house…
That means the only one who’s going to get the GST cuts are going to be the upper class rich people…
This will in no way help homelessness or unaffordable rentals…
This is tax payers indirectly subsidizing home buyers… This means homebuyers can pay more therefore less incentive for prices to go down.
We need wartime housing equivelent efforts here
Maybe cut tax on gas, so we can make money to buy a home.
Backward thinking
Save our God the Real Estate and the apostles Developers.
GST cuts are the wrong move, it increases demand without increasing the supply; meaning it’ll inflame prices more.
Just put that money towards actually building houses.
Eliminate GST on housing, but charge GST on the materials used to build them.
I think we should do only a GST cut for first time home buyers buying a home under the average price for their province. Making the tax cut available to anyone is a terrible idea and according to the article the Conservatives want to make it even worse by removing the upper price limit.
Can we cut the GST on gas? Something that helps ALL Canadians
Another non-binding deal that will go nowhere.
Or a better idea is if you’re a first time home buyer you qualify for a lower interest rate, shoot why not both.