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November 12, 2020

​Taxes, Charges Drive up House Prices, Limit Supply

  • Taxes and charges on new and existing homes are a key driver of the cost and supply of affordable homes for Canadians.
  • Author Benjamin Dachis points to development charges, land transfer taxes, and murky density bonus payments as partial drivers of reduced supply and soaring house prices for would-be buyers.
  • Dachis calls on cities and provinces to change their taxes and charges on housing to lower the cost of new housing and increase supply. He proposes four key reforms.
Benjamin Dachis
Benjamin Dachis

Benjamin Dachis is Director of Public Affairs for the C.D. Howe Institute. In his role, he furthers the Institute’s mission to improve Canada’s economic performance by enhancing the visibility, reputation and impact of its research and activities. Benjamin started with the C.D. Howe Institute in 2006 as a Research Fellow and also has experience with major U.S. and U.K. think tanks.