New Rental Housing Bill Could Actually Discourage Construction, Bar Association Warns

New Rental Housing Bill Could Actually Discourage Construction, Bar Association Warns
Construction equipment is parked at the bottom of a pit on the site of a new condominium complex off Redpath Avenue in Toronto, Ont., on April 1, 2017. Chris Helgren/Reuters
Matthew Horwood
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The Canadian Bar Association is warning Ottawa that federal legislation to build more rental housing is worded in such a way that it could inadvertently discourage housing construction.

“While the intention is to incentivize construction the arbitrariness of the proposed implementation could inadvertently discourage the supply of rental housing,” the Bar Association’s tax law section wrote to the Senate National Finance Committee, according to Blacklock’s Reporter.