Scrap tax exemption ‘loophole’ causing ‘erosion’ of rental affordability: housing advocates

NDP housing critic Jenny Kwan says the Chrétien-era exemption benefits investors at the expense of renters, while Conservative MP Matt Jeneroux says Canada's focus should be on the need for more rental supply.

The real estate sector and housing advocates are watching to see if Housing Minister Ahmed Hussen pushes through changes to an important tax exemption for publicly-traded landlords in Budget 2022.The Hill Times photograph by Andrew Meade

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BY KEVIN PHILIPUPILLAI

April 6, 2022

MPs, real estate investors, and affordable housing advocates are waiting to see if Budget 2022 provides any clarity on the Liberals’ promise to review an obscure tax exemption from 1995 that has fuelled the rapid rise of real estate investment trusts as large-scale landlords in Canada’s rental h...

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