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C.D. Howe Institute Releases : The most revealed zoning regulations, development charges and housing limits in and around southern Ontario’s Greenbelt have added around $168,000 to single-family houses in the Greater Toronto Area.Tyler Anderson/National Post

May 15th, 2018 | by Richard Paul
C.D. Howe Institute Releases : The most revealed zoning regulations, development charges and housing limits in and around southern Ontario’s Greenbelt have added around $168,000 to single-family houses in the Greater Toronto Area.Tyler Anderson/National Post
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Regulations cost single-family home buyers in Canada’s hottest markets an extra $229,000 on average, C.D. Howe finds

Municipal infrastructure charges are ‘flawed’ because they get passed on to buyers, says think tank


Research from the C.D. Howe Institute released Tuesday revealed zoning regulations, development charges and housing limits in and around southern Ontario’s Greenbelt have added around $168,000 to single-family houses in the Greater Toronto Area.Tyler Anderson/National Post

TORONTO — Buyers in Canada’s most overheated real estate markets paid an average of $229,000 extra per home between 2007 and 2016 because of regulations making it difficult for builders to construct more single-family houses, said a new study.

Research from the C.D. Howe Institute released Tuesday revealed zoning regulations, development charges and housing limits in and around southern Ontario’s Greenbelt have added around $168,000 to single-family houses in the Greater Toronto Area and about $644,000 to the cost of others in Vancouver — a number the non-profit research organization says draws comparisons with Manhattan and U.K. housing.

The organization’s study also found regulations caused single-family home prices in Victoria to increase by about $264,000, Calgary costs to jump by $152,000 and Ottawa-Gatineau’s to spike by about $112,000.

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I must say, this is another stunning revelation known to me and Tyler , what do you , bud, say,  Wow! Uncle will be scratching his head..

Richard Paul Condo

 

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