CMHC warns of ‘very significant barrier’ to fixing housing crisis

National Post: The Canada Mortgage and Housing Corporation (CMHC) said the number of viable building projects in some municipalities would increase by as much as 14 per cent if those local governments would scale back what is known in the industry as development charges. Those additional costs, which have become a contentious issue in Canada as the gap between supply and demand of new homes continues to grow, are for new infrastructure such as sewers, electrical and water services…