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The PLQ and QS urge Quebec to revive residential construction with its budget

Photo: Jacques Boissinot The Canadian Press According to the PLQ's finance spokesperson, Frédéric Beauchemin, Quebec has cemented its place as a “dunce” in Canada: housing starts have fallen by 32% and the property rate of Quebecers is falling.

Caroline Plante – The Canadian Press in Quebec

12:43 p.m.

  • Quebec

The Legault government must take advantage of its next budget to revive residential construction, believe the Liberal Party of Quebec (PLQ) and Québec solidaire (QS).

Both parties expressed their budgetary expectations on Wednesday, emphasizing the importance of building more homes in Quebec.

According to the PLQ finance spokesperson, Frédéric Beauchemin, Quebec has cemented its place as a “dunce” in Canada: housing starts have fallen by 32% and the property rate of Quebecers is decreasing.

“However, the Coalition Avenir Québec does nothing to stimulate supply, despite the pressure currently being exerted on the market and which is pushing prices upwards,” he said in a press release.

The PLQ proposes to remove the QST on construction materials and to offer financial assistance to municipalities that achieve certain targets, for example, for the issuance of building permits.

For its part, QS asks the Minister of Finance, Eric Girard, to provide $470 million to increase the number of construction starts in Quebec by improving the QST reimbursement on new construction .

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“A QST refund, in whole or in part, can make the difference between a project that remains in the pipeline and one that actually sees the light of day,” declared the QS spokesperson in finance, Haroun Bouazzi.

“Reimbursing the QST on new construction will have the effect of stimulating supply,” he added.

To revive the construction of apartments, houses and condominiums, QS proposes to enhance the already existing QST reimbursement program by targeting properties under $450,000.

The party also wants us to focus on the construction of cooperative and community buildings by fully reimbursing the QST for units built in this sector.

Like the PLQ, QS is “particularly concerned” about the significant deficit in construction starts in Quebec.

Mr. Bouazzi emphasizes that “2023 is the year when Quebec has seen the fewest construction starts since we started counting them in 1955.”

“With each month that passes, the gap between supply and demand widens. We must act, it is urgent,” he declared, adding that 55,000 homes would have to be built per year for 10 years to make up for the accumulated deficit.

SMEs and daycare places

Moreover, the Legault government must “imperatively” allow SMEs to increase their productivity and convert thousands of places into subsidized childcare, according to the PLQ.

Mr. Beauchemin believes that the 2024-2025 budget must launch “collective reflection”, particularly on how to help businesses digitize and modernize.

He also calls on the government to convert 15,000 places into subsidized daycare ($9.10 per day) this year.

“We would remove an additional financial burden for thousands of families in addition to improving equality of opportunity,” argued the Liberal MP.

Minister Girard will present the Quebec budget next Tuesday.

Teilor Stone

By Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116