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Justin Trudeau's Real Estate Promises Could Be Hindered by Party's Minority Status

Canada's Liberal Party Proposals Include Apartment Owner Tax Breaks, Funding Office Conversions
Canadian Prime Minister Justin Trudeau, with wife Sophie Gregoire-Trudeau, delivers his victory speech Tuesday at the Fairmont Queen Elizabeth Hotel in Montreal. (Getty Images)
Canadian Prime Minister Justin Trudeau, with wife Sophie Gregoire-Trudeau, delivers his victory speech Tuesday at the Fairmont Queen Elizabeth Hotel in Montreal. (Getty Images)
CoStar News
September 21, 2021 | 9:45 P.M.

A third consecutive election victory for Justin Trudeau's Liberal Party could lead to addressing some property issues in its platform including limiting tax advantages for real estate investment trusts, increasing funding for office conversions and making housing more affordable. But the party's continued minority status will force it to keep seeking support from political rivals.

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