The city says the goal of the tax is
boosting housing affordability and opening up more rental units.
Not exact matches
«Policies to further
boost homeownership by stimulating demand would exert more pressure on home prices, with little or no positive impact on
housing affordability.»
This money would have gone a long way to address
housing affordability issues either through targeted investments in new affordable
housing stock or perhaps through investments in
boosting rental
housing construction.
«We had anticipated a rebound in activity from earlier this year when the harsher than normal winter weather took hold, but the biggest drop in fixed mortgage rates in almost four years and resulting improvement in
affordability also gave the Canadian
housing market a
boost of extra energy.»
TORONTO — Federal and Ontario finance ministers say that while they are concerned about diminishing
housing affordability in Toronto, they will not introduce measures for homebuyers that could impact
house prices in the city by
boosting demand.
Being college - educated typically
boosts earning potential, which opens up
housing options in terms of
affordability and size.