Oxford County Warden Marcus Ryan has released a statement in response to Ottawa's decision to remove the federal GST for new rental apartment buildings.
OXFORD COUNTY - Reaction is pouring in regarding an announcement from the Government of Canada.
When it comes to new rental buildings, the federal GST will be eliminated, which will make the cost of labour and materials lower, and promote greater affordability.
Oxford Warden Marcus Ryan released the following statement yesterday:
"Oxford County welcomes the Government of Canada announcement today that the federal GST will be eliminated on the construction of new rental apartment buildings, lowering the cost of labour and materials for homebuilders and promoting greater affordability.
Committing to 100% housed is a cornerstone of Oxford County’s new Strategic Plan, the focus of our Master Housing Strategy, and the work of the 10-Year Shelter Plan, which is the provincially mandated housing and homelessness strategy we’ll be seeking community input on beginning next week.
In approving its new Strategic Plan, County Council made the commitment to be innovative in how we increase housing supply and affordability, to work with community and government partners to make this happen and to better understand and support what is needed by our vulnerable and unhoused populations. We look forward to sharing our progress with you."
The announcement came on Thursday, September 14th.