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Fifty years in the making of Ontario’s housing crisis – a timeline - Canadian Centre for Housing Rights
(housingrightscanada.com)
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The final cost to the buyer is more relevant than the cost to the builder. It looks like that's closer to 5-7%.
There are lots of small things that might take a few percent off the cost of housing, if developers and landlords are feeling generous. But we'll need systemic reform if we're going to get prices back to affordable.