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Can The Rebirth Of The MURB Really Help The Housing Crisis?

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Canada in the 1970s was a time of disco, feminism, and rapid rental construction. From 1974 to 1981, the Canadian government fostered the production of nearly 200,000 rental housing units. This was the byproduct of a popular tax incentive known as the Multiple Unit Rental Building (MURB), which was designed to accelerate rental construction. Essentially, it allows investors in new rental apartments to lower their personal taxes by claiming depreciation and other apartment costs against other forms of income. The incentive was used by the wealthy set with extra dollars to build mostly low- and mid-rise apartments in cities across Canada. Scrapped in 1981 amid criticisms of inefficiency and favouring wealthy investors, MURB could soon get a new lease on life, as the Canadian Liberals advocate to bring it back. Is the return of MURB a viable solution in the current housing crisis? We asked the big players in Canada’s rental space to weigh in... While the 1970s was not without its sociopol

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