Why Housing Prices are High – Trump Train Rolls On
High cost of regulation makes housing in Canada unaffordable Hardly anyone disagrees that housing prices and rents have been unaffordable in Canada for decades, but there’s agreement about why housing prices have moved out of step with incomes. A recent report by think-tank C.D. Howe Institute analyzed housing prices and construction costs and concluded that excessive regulatory burden contributes to prices being much higher than the cost of producing new dwellings. The gap should not exist or be small in competitive markets with little or no undue regulatory burdens, but that’s not the case in Canada. The report estimated...
High cost of regulation makes housing in Canada unaffordable Hardly anyone disagrees that housing prices and rents have been unaffordable in Canada for decades, but there’s agreement about why housing prices have moved out of step with incomes. A...
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