CMHC warns of a 'significant barrier' to fixing the housing crisis
A CMHC report suggests that municipal development charges are a significant barrier to increasing housing supply in Canada. The agency found that eliminating these fees could boost viable construction projects by up to 14 percent in some cities.
Why it matters
High development fees are a major point of contention in the effort to address Canada's national housing affordability and supply crisis.
Copy Link Email X Reddit Pinterest LinkedIn Tumblr CMHC warns of a 'very significant barrier' to fixing the housing crisis In Burnaby, for example, eliminating development charges would boost housing construction by 13.8 per cent
The article reports on a government agency's findings without taking a political stance, focusing on economic data.
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