P S - FRONTIER CENTRE I

The author(s) of this study have worked independently and the opinions expressed are therefore their own, and do not necessarily reflect the opinions of the board of the Frontier Centre for Public Policy. [...] It should not be surprising that given the scale of house price increases in in the largest CMAs house prices have Canadian housing markets, especially in the skyrocketed above incomes and spread to Vancouver and Toronto markets, and to a nearby housing markets. [...] With urban containment land prices up so much that the builders were no longer able to In the Greater Golden Horseshoe, the supply housing commercially to much of the Ontario government imposed the “Places middle-class. [...] Before urban containment, builders could generally assume that the cost of Land and Construction Costs serviced land would represent approximately 20 percent of the total house construction The source of the rising house prices in in and land cost.14 urban containment markets is principally in land costs. [...] Moreover, the urban land is only 2.6% of the peak agricultural land (1951).16 All of the land that has been urbanized since European settlement in Canada is the equivalent of less than one-quarter of the land withdrawn from agricultural production.