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Construction constraints, charges exacerbating affordable housing crisis in B.C.: ICBA

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The industry association is warning that issues concerning costs, delays and labour are frustrating the ability to build more supply

Municipal charges and a lack of affordable housing for workers is severely frustrating the construction industry’s ability to get more housing to market, according to the Independent Contractors and Business Association .

In 1972, Canada built 232,200 new homes. In 2022, with a higher population, only 219,500 homes made it to market. Vancouver has the highest municipal cost charges when compared to 20 Canadian cities, in addition to having three times more than the average costs of these cities.

 

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