Unintended negative consequences of restrictive land-use planning and development policies – beyond inflated prices – are starting to appear. CHBA at all levels has been warning governments about these consequences and will continue to advocate strongly to stem this tide.
One of Canada’s largest builders has bought its biggest piece of land ever in the United States as it grows frustrated with the limited supply of land that’s available for new homes in cities like Toronto and Ottawa because of red tape and efforts to contain urban sprawl.
Smaller builders in Calgary have already been forced to lay off staff this year due to constraints with land availability for development. With the supply of serviceable lots at an all-time low, depressing the residential industry could depress the entire local economy.