Image of the day: Taxes on new housing
Comparison of Vancouver, Toronto, and Montreal
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
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