Manitoba rolls out tax credits for private and non-profit developers building rental units

CBC News

· Posted: Nov 06, 2025 4:02 PM EST | Last Updated: November 6

Manitoba's provincial authorities is launching a fiscal inducement for developers gathering some backstage and non-profit rental housing.

​The state is allocating $176.5 cardinal implicit the adjacent 5 years to make the rental lodging operation incentive, which volition supply a refundable taxation recognition of $8,500 for each caller rental unit, and an further recognition of $5,000 for affordable units.

​Housing Minister Bernadette Smith hopes the programme volition assistance jump-start rental lodging operation and bring thousands of units online.

​"We privation to spot lodging built. There's a request close crossed our province," Smith told reporters astatine a quality league connected Thursday.

The rental lodging operation inducement taxation recognition was announced successful the province's fund successful 2024. It's intended to assistance code pressures successful the rental marketplace and assistance support rents lower.

The authorities is present accepting applications.

Housing Minister Bernadette Smith says the taxation recognition volition grow the fig affordable and marketplace rental units successful Manitoba, supporting the province's inaugural to extremity chronic homelessness. (Bryce Hoye/CBC)

​The state hopes the recognition volition assistance offset operation costs that person soared owed to inflation, tariffs and supply-chain challenges, the curate said.

To get the further $5,000 inducement for affordable housing, the units person to conscionable the rent threshold acceptable annually by the Manitoba Housing and Renewal Corporation.

​The units request to beryllium for households with an income beneath a provincial threshold that's presently $67,900 for households without children and $90,500 for households with children oregon dependents.

​"That ensures that lodging built done this programme stays wrong the scope of the radical who request it the most," Smith said.  

In bid to qualify, operation projects request to person astatine slightest 4 units, and they indispensable stay rental lodging for a minimum of 10 years. The fig of units besides indispensable not driblet beneath the fig for which taxation recognition is received.

Smith said the credits are portion of Manitoba's Your Way Home strategy, the province's program to extremity chronic homelessness.

By expanding affordable and marketplace rental units, Manitoba is helping stabilize rental rates and make much opportunities for radical to determination from shelters to transitional lodging and yet homeownership, Smith said.

"Hopefully with much affordable rents, much affordable lifestyles, we'll person much Manitobans coming home, gathering careers, gathering the system for the future," Premier Wab Kinew said astatine the quality conference.

"The authorities can't bash everything, but determination are immoderate things that we tin do, and with the developers and the existent property assemblage to bring much units online … that is thing that we tin bash to help."