, as buyers took advantage of work-from-home arrangements and sought homes with more space, could have been avoided not with more taxes, but if cities didn’t have so many unreasonable restrictions on development.compared the cost of construction per square foot of new homes to the eventual sale price in the “eight most restrictive cities” — Vancouver, Abbotsford, B.C., Victoria, Kelowna, B.C., Regina, Calgary, Toronto and Ottawa-Gatineau.
In Ontario, the authors of the C.D. Howe study considered what housing costs would be if the number of new buildings subject to zoning review in a given municipality was lowered to the provincial average, and if development charges were similarly lowered. In 2016, that would have meant that the average home would have cost $13,000 less in Hamilton, $52,000 less in Halton Region and $74,000 less in Toronto.
If the federal government must have a housing strategy, the best approach would be one that offered incentives for provinces and municipalities to roll back unnecessary restrictions on development. The Conservative platform, which also wisely avoids tinkering too much with demand, comes closest, with a promise to “require municipalities receiving federal funding for public transit to increase density near the funded transit.
In my feed, the NP literally has an article saying the government needs to do something
Seems like all the parties are just saying a bunch of nothing at this point. This is issue takes effort from every single level of government
lol *still fading.... fast....
Banks are crooked and gov't does their bidding.
We had a national housing plan. It’s called CMHC. Why can’t the Liberal government get out of its own way.