Incentivizing investment in rental housing is key to meeting the federal goal of doubling housing starts in Canada. For Manitoba, that means going from between 7,000 to 8,000 on an annual basis, depending on the year, to 16,000. It's a significant increase, and it will require a significant investment in housing stock in our province. Looking at ways to mitigate the tax implications of reinvesting in the housing stock both here and across the country is important for facilitating that investment.
On November 15th, 2023. See this statement in context.