Residential Report: Excessive bureaucracy, red tape killing the housing market

  • 📰 DCN_Canada
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 74%

United States News News

United States United States Latest News,United States United States Headlines

Canada's construction news

Famed 19th century Irish poet and playwright Oscar Wilde hit the proverbial nail on the head when he cheekily proclaimed, “The bureaucracy is expanding to meet the needs of the expanding bureaucracy.”

According to the report, the red tape imposed by municipal governments adds hundreds of thousands of dollars to housing prices. As a result, the extensive paperwork and delays are hampering the ability of the residential construction industry to build homes that working people can afford. When a project is delayed, it becomes more expensive. Developers shoulder all the costs of planning, designing, labour and materials involved in building new homes. They must also fork out funds for hefty development charges as soon as shovels go in the ground for a project.Obtaining approvals and permits in major cities like Toronto and Vancouver can take years, not weeks or months.

Efforts have been made to speed up the development approval applications, but the city is still lagging, and there are intolerably long timelines for things like zoning amendments and site plan approvals. It is critical that we fix the problem – immediately. We need full-scale reform at the municipal, provincial and federal levels.

Major changes must be made to ensure the system is digitized and streamlined and municipalities expedite residential housing applications. Technical panels and agencies must also make decisions in a timely manner, and housing must be top of mind of any decision.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 17. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Statistics Canada to release August jobs report today amid labour market slowdownOTTAWA — Statistics Canada is set to release its August labour force survey this morning.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »