Regulatory Barriers Add $1.3M to New Home Prices in Vancouver, $350K in Toronto

New data is shining a spotlight on just how marked up new home prices are in Canada, with regulatory barriers pushing selling prices sky-high in some cases. CDHoweInstitute | realestate housingmarket homeprices Canada

Published:New data is shining a spotlight on just how marked up new home prices are in Canada, blaming regulatory barriers for adding, in some cases, over a million dollars to selling prices., released earlier this month. The study period considers new home prices and relative construction costs between 2011 and 2021.

It’s worth noting that substantial gaps were observed in smaller markets as well, including in Abbotsford-Mission , Regina , Victoria , Calgary , and Kelowna .Benjamin Dachis, Associate Vice President of Public Affairs for the C.D.

More specifically, he recommends introducing provincially mandated minimum targets for municipal housing construction, and assignment enforcement of such targets to “neutral, adjudicative bodies with the power to impose fines on laggard cities.”

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