GST Cut on New Homes: Housing Minister Clarifies

0:00Housing Minister Gregor Robertson sparked some buzz when he told Global News that Otto wasn't negotiating with provinces to cut the GST on new build, Holmes. But now his office is hitting the brakes, saying those comments don't hold up. They clarify that under Bill C-26, talks are focused on a range of steps to boost housing supply, not just a GST cut. The director of communications reached out right after the story dropped to set the record straight. This comes amid real action on the housing front, like last week's deal between federal and Ontario governments. They agreed to scrap the 13% sales tax on new Holmes worth up to $1 million, but only for one year. That same pact includes splitting $8.8 billion over 10 years to fund infrastructure in Ontario cities. The catch? Those cities have to slash development charges, which cover stuff like sewers and roads for new neighborhoods. Just like the FES are pushing multiple angles to get more Holmes bill faster, even if the headlines shift day to day.

1:00Stay informed with Canada News Today, AI-powered updates. I'm Corey with The Story.