Quote:
Originally Posted by redforever
Does the removal of the GST go to the builder or the homeowner?
If it is the builder, I don't see how this will make much of a difference. The builder fills in his GST forms and gets most of that back. The GST is actually paid at the end by the person who buys the home.
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The term homeowner is incorrect as these are for rental buildings only. This announcement only applies to rental apartments.
So this doesn't address housing affordability directly, but it incentivizes the construction of rental buildings as the builder automatically pays 5% less.
It's a good policy albeit a policy very limited in scope.