Dear John,

Do you think housing is overpriced in Canada right now? Just wait...

A shocking new study published by the Fraser Institute this week finds that the cost of a newly constructed home in Canada will increase by $55,000, on average, by 2030 as a result of the federal government’s stricter energy efficiency regulations for buildings.

What's more, these regulations will only reduce Canada’s total emissions by 0.9%.

That's not a typo – it's less than one per cent.

The cost increases are mainly due to a proposal that requires energy consumption in new residential buildings be reduced to 65% below 2019 levels by 2030.

The increased home costs range from a high of $78,093 in British Columba to $22,144 in New Brunswick.

See more provincial breakdowns here [[link removed]], and be sure to spread this news on social media.

Sincerely,

Niels Veldhuis

President

The Fraser Institute

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