Canada’s largest provinces score worst on housing policies and outcomes, report says
AI Article Summary
A report from the University of Ottawa's Missing Middle Initiative indicates Canada's largest provinces, Ontario, B.C., and Quebec, are not performing well in tackling the housing crisis. The study assessed provinces on 36 housing-related indicators and found Ontario had the worst performance, citing slow municipal approvals and high development charges. New Brunswick and Prince Edward Island scored highest due to effective policies and low construction costs. The report suggests that provincial and municipal governments have crucial roles in improving housing supply.
What This Means for Canadian Contractors
For Canadian builders, this means an increased focus on provincial and municipal policies is critical for improving housing supply. Contractors in Ontario may face challenges due to lengthy approval processes and high fees, impacting timelines and project costs. Strategies like advocating for policy changes or adapting business practices to mitigate delays and cost escalations may become necessary.
