Fix supply to address housing affordability
A government-appointed expert panel in British Columbia argued that governments must work together to remove regulatory barriers that have kept housing construction below what is needed.
A government-appointed expert panel in B.C. released a report earlier this month imploring all orders of government to collaborate and remove regulatory impediments that have kept housing construction at levels much lower than needed to house the growing population.
The six-member expert panel, jointly commissioned by the Federal and B.C. governments, went beyond the oft-cited demand-curbing recommendations of higher transfer taxes and penalties. Instead, the panel focused on the lack of housing supply in B.C., and the lacklustre efforts to address it.
Read further in The Financial Post.
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