This is the famous issue of 30% of income going toward housing, and some people are paying more. It's more related to household income than to list prices. We see that the issue of affordability has been mentioned at this committee.
In closing, the Canadian Home Builders' Association said: High sales taxes and development taxes, restrictive mortgage policies, municipal red tape causing delays, excessive building code changes and escalating material and labour costs have significantly driven up the cost of construction and reduced the viability of ownership housing projects.
Of the factors mentioned by the association, which is most responsible for rising costs?