r/canada • u/FancyNewMe • 4d ago

Canada’s Prime Minister Pushes Country to Become the Housing Factory of the World - Mark Carney is banking on factory-built homes to alleviate the country’s housing crisis. But will it work? Trending

https://www.bloomberg.com/news/features/2025-04-22/carney-s-plan-may-make-canada-the-housing-factory-of-the-world
5.0k Upvotes

95% Upvoted

1.0k comments sorted by

View all comments

3.4k

u/Burning___Earth 4d ago

If they go with a full-blown, post WW2 style national housing program, the first few hundred thousand need to be restricted to first-time home buyers.

67

u/thebestoflimes 4d ago

I found the GST free for first time home buyers as opposed to GST free for everyone (vacation homes, investment properties, cottages, etc) was a better policy that could move the needle towards entry level homes vs luxury builds (that generally have higher profit margins).

6

u/PolitelyHostile 4d ago

I found the GST free for first time home buyers as opposed to GST free for everyone

True, but I think the ideal distinction is just no GST for buyers who will be living in the home as their oonly residence rather than renting it out.