Following a report by the Canada Mortgage and Housing Corporation (CMHC) saying Vancouver and Toronto have the slowest approval times for building new homes, Conservative Leader Pierre Poilievre pledged to speed up the process of building homes in Canada.
“Slow permits mean higher prices. Higher prices mean Canadians can’t afford to put roof over head,” Mr. Poilievre said during a press conference in Vancouver on July 14.
“A Poilievre-led government will incentivize our cities to speed up and lower the cost of building permits to free up land so builders can build, build, build.”
The CMHC and Statistics Canada’s Municipal Land Use and Regulation Survey, released July 13, estimated that an additional 3.5 million new units (pdf) are needed by 2030 for affordability in Canada to be restored….