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Ontario moves to cut taxes, fees on apartment construction by up to $200,000 per unit

Moves intended to increase housing supply, make homes more affordable, government says
The One, in Toronto, seen here at an earlier stage of construction, is one of many residential projects that have faced financial difficulties. (CoStar)
The One, in Toronto, seen here at an earlier stage of construction, is one of many residential projects that have faced financial difficulties. (CoStar)

Ontario developers and apartment builders are set to see one of the largest tax rollbacks tied to new residential construction in the province, a move governments say could cut costs by as much as $200,000 per unit for new rental and condominium projects.

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News | Ontario moves to cut taxes, fees on apartment construction by up to $200,000 per unit