CMHC Says Lower Development Charges Alone Won’t Solve Housing Affordability
Western Investor reports that a new CMHC analysis concludes that reducing or eliminating development charges alone is unlikely to resolve Canada’s housing affordability challenges. While lower fees can improve project economics and encourage housing construction, CMHC notes that affordability is influenced by a broader range of factors including land costs, financing expenses, labour shortages, regulatory processes, and overall housing supply. The report emphasizes that improving affordability will require a combination of measures aimed at increasing housing production and reducing development barriers.
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