26-09-2023 10:03 via fraservalleytoday.ca

Developer says it’s moving to build 5,000 rental units because of Liberals’ GST break

OTTAWA — A Toronto-based real estate company says it is planning to build 5,000 new rental units in urban centres across the country as a result of the federal government’s decision to eliminate GST charges on rental developments.
The CEO of Dream Unlimited Corp., Michael Cooper, says high interest rates and construction costs had put many projects on pause. 
“A lot of projects that we had hoped to be able to start haven’t penciled out,” Cooper said.
But the fe
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