The price of a new home reflects more than just the cost of a building. It also reflects land value, homebuilder profits, taxes and government fees imposed on new homes — and more. Given that homeownership remains a daunting challenge for many Canadians, these housing cost drivers deserve close attention. Our new study, which compares the average sale price of new single-detached homes with their estimated construction costs, finds that the difference varies greatly across Canadian cities.
Click here to read more.
