03/17/2026
Housing affordability is affected by many things.
1) Permits - It can take years to get building permits.
2) Zoning - City or county plans affect what builders are allowed to build.
3) Interest Rates
4) Demand
5) Taxes and Fees - Up to 29-39% of a new build home is fees and taxes.
6) Speed - The longer the developer has to carry the land the more cost they will incur and have to pass along to buyers.
7) Capacity of Water - Regions have to plan ahead for growth.
8) Banking Rules
Follow Mike Moffat PHD on LinkedIn or for more details on the real reason development in Canada is so expensive. It is not because of a 15-16 day old war. War is terrible and loss of life is never a solution we should want. It is tragic and I pray it ends today! However, this is not something that affects the water capacity.