{"id":11378,"date":"2023-09-15T12:33:04","date_gmt":"2023-09-15T07:03:04","guid":{"rendered":"https:\/\/coursementor.com\/blog\/?p=11378"},"modified":"2023-09-15T12:33:07","modified_gmt":"2023-09-15T07:03:07","slug":"canada-introduces-new-measures-to-tackle-housing-crisis","status":"publish","type":"post","link":"https:\/\/coursementor.com\/blog\/canada-introduces-new-measures-to-tackle-housing-crisis\/","title":{"rendered":"Canada Introduces New Measures To Tackle Housing Crisis"},"content":{"rendered":"\n<p><strong>Canada Introduces New Measures To Tackle Housing Crisis: <\/strong>The Prime Minister of Canada, Justin Trudeau, announced new initiatives on 14 September 2023.<\/p>\n\n\n\n<p>These new initiatives aimed to tackle the housing crisis and contain increasing grocery prices.&nbsp;&nbsp;<\/p>\n\n\n\n<p>It also contains initiatives to increase the supply of rental accommodation, help small company proprietors, and decrease grocery prices.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coursementor.com\/blog\/canada-introduces-new-measures-to-tackle-housing-crisis\/#canada-introduces-new-measures-to-tackle-housing-crisis\" >Canada Introduces New Measures To Tackle Housing Crisis<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coursementor.com\/blog\/canada-introduces-new-measures-to-tackle-housing-crisis\/#housing-crisis-in-canada\" >Housing Crisis In Canada<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coursementor.com\/blog\/canada-introduces-new-measures-to-tackle-housing-crisis\/#plans-to-support-small-business-owners\" >Plans To Support Small Business Owners<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coursementor.com\/blog\/canada-introduces-new-measures-to-tackle-housing-crisis\/#rising-grocery-prices\" >Rising Grocery Prices<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"canada-introduces-new-measures-to-tackle-housing-crisis\"><\/span>Canada Introduces New Measures To Tackle Housing Crisis<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to the latest reports, Canada announced some measures for&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Housing crisis in Canada&nbsp;<\/li>\n\n\n\n<li>Plans to support small business owners<\/li>\n\n\n\n<li>Rising Grocery Prices<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"housing-crisis-in-canada\"><\/span>Housing Crisis In Canada<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>To continue lowering housing costs across the country, including for those who rent, the federal government will propose a bill to eliminate the Goods and Services Tax (GST) on new rental apartment buildings.&nbsp;<\/p>\n\n\n\n<p>It will help encourage the construction of much-needed rental units. It is just another tool for creating the conditions for constructing the housing types we need, and the families want to live in.&nbsp;<\/p>\n\n\n\n<p>It also encourages provinces that already impose the provincial share of the Harmonized Sales Tax (HST) or provincial sales taxes to match the federal government\u2019s refund for new rental homes.<\/p>\n\n\n\n<p>For local governments to be granted their Housing Accelerator Fund applications, they must eliminate exclusionary zoning laws and encourage the construction of apartments near public transportation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"plans-to-support-small-business-owners\"><\/span>Plans To Support Small Business Owners<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Prime Minister of Canada announced that the government will also take some initiatives to help small company owners and their workers.<\/p>\n\n\n\n<p>The government is adjusting the Canada Emergency Business Account (CEBA) program for small businesses by providing a 1-year extension period for the term loan repayment.&nbsp;<\/p>\n\n\n\n<p>This initiative was announced during the coronavirus pandemic to help small businesses stay alive.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"rising-grocery-prices\"><\/span>Rising Grocery Prices<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>To tackle the increasing grocery prices, the Prime Minister said that the government had called all the heads of the top grocery chains in Canada for an urgent meeting in Ottawa to start discussions toward this goal.&nbsp;<\/p>\n\n\n\n<p>Also, the Canadian government is encouraging these big grocery store chains to keep grocery prices steady in the short term.<\/p>\n\n\n\n<p>The government is also exploring different options, such as tax measures, to bring back stability in grocery prices that Canadians anticipate.<\/p>\n\n\n\n<p>Further, the government of Canada is also looking forward to taking some critical actions to boost the competition across the economy in Canada, with a main focus on the grocery sectors and decreasing costs for middle-class persons in Canada.&nbsp;<\/p>\n\n\n\n<p>The government plans to make changes to the Competition Act. These changes include allowing the Competition Bureau to request materials to perform thorough market analyses.&nbsp;<\/p>\n\n\n\n<p>The efficiencies defense will be abolished, which currently allows anti-competitive mergers to go unchallenged if the corporate benefits outweigh the harm to competition. It will prevent Canadian consumers from paying higher prices and having fewer choices.<\/p>\n\n\n\n<p>Additionally, the Bureau can take action against alliances that restrict competition and customer choice, especially when large grocery stores prevent smaller competitors from opening nearby.<\/p>\n\n\n\n<p>So, it is all about Canada Introduces New Measures To Tackle Housing Crisis.&nbsp;&nbsp;<\/p>\n\n\n\n<p>For more information, keep visiting <a href=\"https:\/\/coursementor.com\/blog\/\" target=\"_blank\" rel=\"noreferrer noopener\">Course Mentor<\/a>.<\/p>\n\n\n\n<p>Source:- <a href=\"https:\/\/immigrationnewscanada.ca\/canada-new-measures-for-housing-crisis\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">immigrationnewscanada.ca<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada Introduces New Measures To Tackle Housing Crisis: The Prime Minister of Canada, Justin Trudeau, announced new initiatives on 14 September 2023. These new initiatives aimed to tackle the housing crisis and contain increasing grocery prices.&nbsp;&nbsp; It also contains initiatives to increase the supply of rental accommodation, help small company proprietors, and decrease grocery prices. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/coursementor.com\/blog\/wp-json\/wp\/v2\/posts\/11378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coursementor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coursementor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coursementor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coursementor.com\/blog\/wp-json\/wp\/v2\/comments?post=11378"}],"version-history":[{"count":0,"href":"https:\/\/coursementor.com\/blog\/wp-json\/wp\/v2\/posts\/11378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coursementor.com\/blog\/wp-json\/wp\/v2\/media\/11379"}],"wp:attachment":[{"href":"https:\/\/coursementor.com\/blog\/wp-json\/wp\/v2\/media?parent=11378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coursementor.com\/blog\/wp-json\/wp\/v2\/categories?post=11378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coursementor.com\/blog\/wp-json\/wp\/v2\/tags?post=11378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}