Posted 11/19/2023, 7:26:00 PM
Finance Minister Targets Short-Term Rentals in Fall Fiscal Update to Address Housing Crisis
- Canada's Finance Minister to announce fall fiscal update targeting short-term rental income.
- Owners in areas restricting rentals won't be able to claim expenses against rental income.
- Comes as Canada grapples with housing shortage and affordability issues.
- Government working to convert federal properties into new homes to increase supply.
- Bank of Canada says era of super low interest rates likely over, signaling higher borrowing costs.