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CONFIRMED! "Government Costs Raise New Home Prices": CMHC


Why are new builds so expensive compared to resale properties? Well, a recently released report from CMHC uncovered that government costs and fees make up a significant portion of a new build’s price and in some regions of Canada these costs and fees are higher than a typical builder’s profit on the project.

In this video, Surrey Real Estate specialist Steve Karrasch of Macdonald Realty reviews a recent CMHC report that confirms government costs & fees raise new home prices and account for anywhere between 7% to upwards of 20%+ of the price of a new build in the Greater Vancouver and Greater Toronto area.

CMHC confirms government costs raise new home prices: https://www.westerninvestor.com/british-columbia/cmhc-confirms-government-costs-raise-new-home-prices-5621105

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