Accessibility/Mobile Features
Skip Navigation
Editorial News
Classified Sites


Tax credit aims to spur low-cost apartments

THE provincial government has unveiled a new tax credit for developers to build affordable rental units for low-income households.

The credits will be worth up to eight per cent of construction costs, to a maximum of $12,000 per living unit.

Housing and Community Development Minister Peter Bjornson said Wednesday the province needs more affordable housing and the tax credit is one incentive the government can use to get the private sector involved.

The measure was signalled in last April's budget. It had been put forward, along with dozens of other recommendations, by an advisory panel of industry and community leaders.

Bjornson would not say how many affordable units the government hoped to generate through the tax credit, but said developers have welcomed the measure.

"It has certainly generated some interest from private developers to look at developing more housing here in Manitoba," he said Wednesday, including one builder who plans "major developments" inside and outside Winnipeg. The minister refused to name the company.

The program is expected to cost the province $1.4 million in its first year and $4.4 million in total.

Qualifying projects must be new construction or building conversions from non-residential use. Building permits must have been issued no earlier than April 16 this year and units must be ready for occupancy before 2017.

Private and non-profit housing developers, including non-profit co-operatives, are eligible for the new tax credit. At least 10 per cent of the units in a qualifying building must have affordable rents, which will be set by Bjornson's department based on "localized median market rates" across the province.

Mike Moore, president of the Manitoba Home Builders Association, said he expects the program will generate interest from his members.

"I think this is a very positive step on the part of the province to put this incentive forward, and I hope that a number of people take them up on it," he said.

Apartment vacancy rates in Winnipeg have hovered around one per cent for several years. The situation has been exacerbated for low-income renters seeking affordable units.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 1 Commentscomment icon

You can comment on most stories on You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

Attention Mayor, councillors and administration of the city of Brandon. Are you aware of this development? The responsibility for affordable housing belongs to the province, not our small city with our small tax base! We cannot afford a "housing specialist". Please lobby our provincial government to do more! Surely you all heard last night the strong opinions of the citizens who are tapped out from paying high rates of taxation!

Arlene Saito

Post Your Commentcomment icon

  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.


Make text: Larger | Smaller

Brandon Sun Business Directory
Submit a Random Act of Kindness
Why Not Minot?
Welcome to Winnipeg

Social Media