Hous­ing study misses the mark

The Welland Tribune - - Opinion -

RE: DE­VEL­OP­MENT FEES DRIV­ING HOUS­ING PRICES: RE­PORT, MAY 15, THE CANA­DIAN PRESS

House prices dropped in the Greater Toronto Area in 2018, and stud­ies have shown there is more than enough land avail­able in the re­gion to meet our hous­ing needs, yet the Green­belt con­tin­ues to be un­der at­tack.

The most re­cent hit comes in the form of a study re­leased by the C.D. Howe In­sti­tute which uses out-of-date data and only ex­am­ines the cost of build­ing new sin­gle­fam­ily homes, not apart­ments or midrises. Iron­i­cally, the study finds the de­vel­op­ment cost of build­ing a new sin­gle-fam­ily house is $168,000 in the GTA and about $644,000 in Van­cou­ver, where there is no green­belt.

The study rec­om­mends pass­ing the high costs of build­ing sprawl­ing sub­di­vi­sions on farm­land onto mu­nic­i­pal­i­ties via de­vel­op­ment charges. But the real op­por­tu­nity lies in build­ing more di­verse hous­ing op­tions, like small homes and rentals in ex­ist­ing ur­ban ar­eas; not by pass­ing the cost of ex­pen­sive in­fra­struc­ture onto mu­nic­i­pal­i­ties and their tax­pay­ers.

Su­san Lloyd Swail

Se­nior pro­gram man­ager,

En­vi­ron­men­tal De­fence

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.