The property industry responded to the 2023 federal budget, which lifted NHFIC housing debt by $2 billion, halved the build-to-rent withholding tax, increased rent assistance and raised migration forecasts. UDIA president Max Shifman welcomed steps to bolster housing attainability, ownership and build-to-rent, while noting more supply work was needed.
As I told The Property Tribune: “It’s hugely positive to see the May Budget take further steps to bolster housing attainability, ownership, affordable and social housing, as well as removing some of the inhibitors to Build to Rent,”
The Property Tribune, 10 May 2023 — Read the full article