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this post was submitted on 14 Sep 2023
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Lol, so a contractor build a 16 units rental condo for ~3 millions $, will not pay GST, and rent them 2500$/month.
How does it help people?
Ignoring these hypothetical numbers, an abundance of housing means more options for renters. In this case the developers have to compete for our rental money. This means lower rents.