We go over a report prepared that was researched & written for CMHC by the firm Ernst & Young. It looks at construction and development and the challenges faced by that sector to get projects going;

Short-term response to market conditions will worsen a long-term structural housing supply challenge.
The least expensive option for affordable housing often may already exist today.
Over 50% of survey respondents have used MLI financing programs

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How Much Have Construction Costs Gone Up ?