Affordable housing advocates say they feel they’ve been “ghosted” by the federal government’s decision to not change how real estate investment trusts are taxed. Despite multiple federal studies by a House committee and the federal housing advocate, Green Party MP Mike Morrice says the 'ultimate question' of the “social value the exemption provides” remains unanswered.
He pointed to the lobbying group Canadian Rental Housing Providers for Affordable Housing, which represents Canada’s five largest publicly traded residential REITs: Canadian Apartment Properties REIT , Boardwalk REIT, Killam Apartment REIT, InterRent REIT, and Minto Apartment REIT.
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