Sunday, August 27, 2017

LONG TERM PAIN IN WYNNE'S HOUSING PLAN

Our recurring survey of developers in Canadian municipalities identifies variations in the cost and ease of development in different municipalities.
The shortest approval timelines for building permits in the GTA (Burlington) are 10 months shorter than the longest (Georgina).
The per-unit costs for regulatory compliance in Hamilton ($21,000) are half what they are in Toronto ($46,500).
Given that recent research by the province found only a small percentage of property transactions involved foreign buyers, local governments would likely make more progress on home prices by eliminating undue housing supply restrictions.

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