Latest / The Missing Middle Podcast
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 LombardiGreater Toronto Area Municipal Benchmarking StudyHosted by Mike Moffatt & Cara Stern & Sabrina…
The skinny
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