Image of the day: Taxes on new housing

Comparison of Vancouver, Toronto, and Montreal

Jun 9, 2023

Source: Government Charges on Residential Development in Canada’s Largest Metropolitan Areas, CMHC, July 2022. See Figure 7.

It’s like the carbon tax: the higher it is, the less you get. Same with housing.

In the city of Vancouver, Community Amenity Contributions are a major component:

Community Amenity Contributions: an explainer

Russil Wvong

May 18

Community Amenity Contributions: an explainer

Why is it illegal to build anything other than a single-detached house or duplex on so much land within walking distance of a SkyTrain station? A big part of the answer: Community Amenity Contributions (CACs). The city collects CAC revenue whenever it allows more housing to be built. Removing zoning restrictions means giving up a lot of CAC revenue, whi…

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