This real-estate development situation is bad news for all tenants waiting for social housing. Since 2018, the Government of François Legault has financed only 4700 of the 14,000 social housing units promised in Québec. (1)
Several organizations have reacted to this announcement, including the Québec Liberal Party, which announced top-notch measures to increase housing creation.
To support tenants and landlords, the Québec Liberal Party proposes to:
• Make immediately available the money announced in November 2021 for barricaded low-rent housing to be renovated and quickly put back on the market for households waiting for housing;
• Ensure that every dollar invested in affordable housing (PHAQ) has equivalent amounts invested in new social housing units (AccèsLogis);
• Increase the maximum QST rebate threshold from $300,000 to $500,000 for new dwellings;
• Create a QST exemption for housing NPOs for new housings;
• Re-establish the Rénovert tax credits;
• Create a subsidy program for the renovation of the NPO housing stock.
Some of these proposals are part of the APQ’s requests, including the one to resubmit Rénovert.
The private rental stock needs help to renovate buildings constructed in the 80s.
Not to mention the rising costs of materials and labour that are becoming more and more expensive, it is difficult today to renovate properly and in an “ecological” way.
The Association des Propriétaires du Québec (APQ) hopes that this year the 2023-2024 Québec budget will re-instate this tax credit for the renovation of any type of building.