April Construction Investment Update
Statistics Canada says investment in building construction rose 2.3% to $23.6 billion in April, led by residential construction.
HousingCategory
Housing
Housing Supply Act Passed
Finance Canada says Bill C-26 provides $1.7 billion to provinces and territories to reduce barriers to residential construction.
HousingHousing Supply Funding Bill
Finance Canada proposed a $1.7-billion transfer authority aimed at lowering housing-construction barriers in provinces and territories.
HousingFirst-Time Buyer GST/HST Rebate
CRA said eligible first-time buyers can receive up to $50,000 through the new GST/HST rebate on newly built or substantially renovated homes.
HousingHousing Tax Savings
CRA highlighted FHSA room, the $60,000 Home Buyers' Plan limit, home buyers' amount, HATC, and GST/HST new housing rebate.
HousingFall Economic Statement
The measure also builds on the Multigenerational Home Renovation Tax Credit, which can provide up to $7,500 for constructing a secondary suite for an eligible senior or adult with a disability.
HousingNearly One Million FHSAs Opened
Finance Canada said nearly one million Canadians had opened First Home Savings Accounts, which allow eligible buyers to save up to $40,000 toward a first home.
Housing30-Year Mortgage Amortizations
Finance Canada said eligible first-time buyers purchasing new builds could access insured mortgages with amortizations of up to 30 years.
HousingPurpose-Built Rental GST/HST Rebate
CRA said applications opened for the 100% federal GST, or federal HST portion, rebate for qualifying new purpose-built rental housing.
HousingHome Buyers' Plan Limit Raised
Finance Canada said Budget 2024 would raise the Home Buyers' Plan withdrawal limit to $60,000 and extend repayment relief for recent first-time buyers.
HousingHome-Related Tax Measures for 2023
CRA summarized tax measures that could apply when taxpayers bought, built, sold, or renovated a home in 2023.
HousingRental Housing Measures
Unlocking $20 billion in new financing to build 30,000 more rental apartments per year by increasing the annual limit for Canada Mortgage Bonds from $40 billion to up to $60 billion;.
HousingAffordable Housing Funding
Unlocking $20 billion in new financing to build 30,000 more rental apartments per year by increasing the annual limit for Canada Mortgage Bonds from $40 billion to up to $60 billion;.
HousingRural Housing and Health Care
Unlocking $20 billion in new financing to build 30,000 more rental apartments per year by increasing the annual limit for Canada Mortgage Bonds from $40 billion to up to $60 billion;.
HousingRural Housing and Health Care
Unlocking $20 billion in new financing to build 30,000 more rental apartments per year by increasing the annual limit for Canada Mortgage Bonds from $40 billion to up to $60 billion;.
HousingForeign Home Ownership Ban
Unlocking $20 billion in new financing to build 30,000 more rental apartments per year by increasing the annual limit for Canada Mortgage Bonds from $40 billion to up to $60 billion;.
HousingToronto Housing and Asylum Support
The Canada Housing Benefit was co-developed with provinces and territories and launched in 2020 with joint funding of $4 billion over eight years to provide direct financial support to Canadians who are experiencing housing need.
HousingHousing Supply Measures
Federal housing measures combined rental-construction financing, municipal agreements, and first-home savings account uptake.
Housing