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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, and be sure to spread this news on social media.
Sincerely,
Niels Veldhuis
President
The Fraser Institute
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