Posted 12 September 2025 - 02:05 PM
Every gain and efficiency the housing sector made over the last two decades, the government stepped in to exploit it.
What did everyone think would happen, if residents in new buildings have to pay for:
- housing affordability funds
- subsidies for below-market units
- complex Step Code designs and materials
- accessibility mandates
- complex demolition
- public amenity contributions
- long, drawn out approvals processes
- in-building amenity packages
- street repairs and public realm upgrades
- unit type requirements
- restricted rental increases (leadings to big jumps in between tenants)
- restricted condo sales (investors have been pushed out of the condo market; some buyers heavily taxed)
- parking maximums
- expensive studies
- expensive reports
- rapidly and routinely changing municipal demands
- CRD water levy
- high direct construction taxation
- high indirect construction taxation
- …and on, and on.
That’s why a 375 square foot unit now costs $2,800 a month to rent.
Know it all.
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