Federal incentives that change the pro forma

Budget 2024 adds measures that can indirectly support conversions (e.g., Housing Accelerator Fund top-ups and a program to reduce federal office holdings for potential housing reuse). Developers should time construction starts to meet PBRH windows and check provincial rules. 

Source: https://www.canada.ca/en/department-finance/news/2024/06/budget-2024-building-homes-communities-and-getting-major-projects-done.html?utm_source=chatgpt.com