New housing starts mean $100,000 per home needed to fund infrastructure: report

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As Canada aims to build homes faster, both the public and private sectors will need to boost spending on municipal infrastructure, a new report from the Canadian Urban Institute says.

A rental apartment complex is seen under construction at a new housing development in Langford, B.C., Thursday, May 30, 2024. THE CANADIAN PRESS/Darryl Dyck

"Yes, Canada needs more housing, but to realize this goal, we need the necessary infrastructure -- the water lines, streets, sewers, storm drains, and all the other essential municipal services -- that make new homes possible." It proposed multiple alternatives, such as moving away from requiring pre-paid development charges to an approach that provides secured payments over the lifetime of the asset.

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