A Stable and Predictable Regulatory Environment for Rental Housing Providers

The government is committed to making housing more affordable for Canadians and recognizes Real Estate Investment Trusts (REITs) own a significant share of Canada's rental units. While more needs to be done to ensure that Canadians are not subject to renovictions and that rental units are affordable for Canadians, the government understands that REITs provide a critical channel for new investment in rental units.  In this spirit, no changes to the tax treatment of REITs are being considered at this time.