Barriers for Builders Hinder Home Development in Ontario, Report Says

Published on February 28, 2024

Several barriers to homebuilders may leave buyers in Ontario out of the real estate market due to a lack of supply, a new Fraser Institute report says. “The high cost of housing remains a major concern for Ontarians, and government barriers, both municipal and provincial, to home construction remain part of the problem,” said Steve Lafleur, senior fellow at the Fraser Institute. “Despite recent positive policy shifts, substantial obstacles hinder housing development,” he wrote in his report, Barriers to Housing Supply in Ontario and the Greater Toronto Area. Mr. Lafleur noted there were five main barriers for homebuilders. Fees and Taxes The high cost of fees and taxes can be burdensome for builders. These include application and permitting fees, development charges, parkland dedication, and community benefits charges....

Continue reading on website
Other news

Koalas to Receive Vaccine Shot Against Chlamydia

February 28, 2024
Queensland’s koalas are set to be vaccinated against chlamydia, a debilitating bacterial infection that could infect their eyes and render them blind. Chlamydia—a common sexually transmitted infection in people—is one of the leading causes of death of koalas, with about 20 percent of koalas in Brisbane contracting the disease. Other leading killers of koalas are car strikes and dog attacks. “It ca

NASA, Private Partners Proclaim Lunar Landing Success

February 28, 2024
NASA and Intuitive Machines leaders proclaimed the landing of its Odysseus moon lander a complete success and shared the story of how they were able to salvage the mission despite a botched soft landing.“This is the first time in the 21st century the United States has landed equipment on the surface of the moon, and we’re getting data back,” Joel Kearns, deputy associate administrator of Explorati