tag:blogger.com,1999:blog-4088226422072866788.post8894205086327160156..comments2024-03-27T22:35:59.040-07:00Comments on Michael Geller's Blog: Opinion: REW.ca Financing Growth – New Condo Buyers Paying More Than Their Fair Sharemichael gellerhttp://www.blogger.com/profile/08988502321448301128noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4088226422072866788.post-41251773733957169692016-01-30T17:40:43.179-08:002016-01-30T17:40:43.179-08:00Michael,
Thanks for this post. Its an important t...Michael, <br />Thanks for this post. Its an important topic that I think doesn't get discussed enough. That said, you have not convinced me. I've read the Coriolis report that addresses this question of whether CAC's increase the cost of housing (as Im sure you have) and I've looked at the BC governments guidebook to CAC's. Both of these documents come to the same conclusion: the cost of housing is set by the market and is based on the supply. In other words, Michael, you would not simply increase the purchase price of a town home you develop because of CAC charges; that price would be based on what the market will pay for it. <br /><br />Can you please explain further what these two studies have gotten wrong? Thanks!<br /><br />DanielUnknownhttps://www.blogger.com/profile/07162474464758872170noreply@blogger.com