The federal government is removing the GST on all new apartment constructions in an effort to ease the financial burden on builders amid high interest rates.
What is the plan to avoid this just ending up as a bargain for the speculators that routinely up new properties to rent/resell at a markup? Is there something in the legislation to counter predatory practices?
What is the plan to avoid this just ending up as a bargain for the speculators that routinely up new properties to rent/resell at a markup? Is there something in the legislation to counter predatory practices?
Housing is financialized because it’s a scarce commodity. Removing scarcity removes financialization.
An abundance of housing improves options and lowers rents.