Why You Can’t Build Cheap Homes Anymore

When Mike bought his first home, it cost him $168,000. That number barely covers a downpayment in much of Ontario these days – and even if a developer wanted to, it could not offer that price (even indexed to inflation) because the costs to build are just so high.

Mike and Cara break down the costs associated with home-building, including land prices, development charges, construction costs, and taxes, while also examining the impact of these factors on housing affordability. 

Links:

Eric Lombardi

Greater Toronto Area Municipal Benchmarking Study

Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux

Produced by Meredith Martin

This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.