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Published 1 month ago

Liberals release plan to 'solve the housing crisis,' branding it as a call to action

  • The federal government plans to increase the capital cost allowance rate for apartments, allowing builders to write off more taxes.
  • The Liberals aim to address housing issues by offering tax incentives, investing in homelessness programs, and enhancing access to public lands for housing construction.
  • Ottawa calls for collaboration from provinces, territories, and municipalities to implement the housing plan, which includes restrictions on large corporate investors and initiatives to boost construction productivity.
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