Freeland’s economic update to include new housing loans, short-term rental tax changes ...Middle East

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The Canadian government’s fall economic update coming Tuesday will include new money to increase housing supply, as well as tax reforms targeting short-term rentals, CTV News has confirmed. The fall economic statement will include opening up $15 billion in 10-year low-interest loans to build 30,000 more rental housing units across Canada, according to senior government sources speaking to CTV News on a not-for-attribution basis ahead of Finance Minister Chrystia Freeland’s fiscal presentation. The money will go from the Canada Mortgage Housing Corporation (CMHC) to builders to push ahead projects currently on the shelf, to increase the country’s housing supply, an aim the source f

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