Renters in Canada are facing the toughest market in decades as surging demand and high prices meet some of the lowest national vacancy rates in decades, according to the Canada Mortgage and Housing Corporation (CMHC). The national average vacancy rate for purpose-built rental apartments declined to 1.9 percent last year—the lowest level since 2001, the housing agency…
Renters in Canada Face Toughest Market in Decades Amid Surging Demand, High Prices: CMHC
Corporate Tax Hike in Inflation Reduction Act Could Jeopardize Low-Income Housing Program: Analysts
August 24, 2022
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A corporate tax increase embedded in what critics are calling the “deceptively named” Inflation Reduction Act (IRA) could imperil as much as $8 billion a year in low-income housing funds, according to experts. The low-income housing tax credit (LIHTC) is a dollar-for-dollar tax deduction introduced during the Reagan administration. It has helped create and rehabilitate…
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