These are early days, so we don't have estimates.
I live in Toronto, and some of the developers I talk to on a regular basis have said that it's reduced per-unit costs by up to $50,000, so we think there's going to be a significant impact.
On October 30th, 2023. See this statement in context.
October 30th, 2023 / 12:15 p.m.
President and Chief Executive Officer, Canada Mortgage and Housing Corporation
These are early days, so we don't have estimates.
I live in Toronto, and some of the developers I talk to on a regular basis have said that it's reduced per-unit costs by up to $50,000, so we think there's going to be a significant impact.
See context to find out what was said next.