The price of a new home reflects more than just the cost of a building. It also reflects land value, homebuilder profits, taxes and government fees imposed on new homes — and more. Given that homeownership remains a daunting challenge for many Canadians, these housing cost drivers deserve close attention. Read More
OPINION: New home prices far exceed construction costs in many Canadian cities
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Toronto SunBy Donald Duench, Toronto Sun"EXECUTIVE SUMMARY
Governments can use many tools to improve housing affordability.
Key Takeaways
- OPINION: New home prices far exceed construction costs in many Canadian cities.
- Governments can use many tools to improve housing affordability.
- The price of a new home reflects more than just the cost of a building.
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Published originally on Toronto Sun
