Canadian Urban Institute report recommends increased public-private spending on municipal infrastructure to support new homes, with an average cost of over $100,000 per home.
As Canada aims to build homes faster, both public and private sectors must increase spending on municipal infrastructure, according to a report from the Canadian Urban Institute. Funded by the Canada Infrastructure Bank, the report estimates that the average cost of infrastructure needed to support each new home exceeds $100,000, including funding for public transit, roads, water lines, schools, fire halls, and recreational facilities. The report highlights the need for a financing plan to address Canada's housing crisis.
June 12, 2024
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