FOR IMMEDIATE RELEASE

CHBA BC’s Benchmarking Study Reveals Average 13 to 14 Month Wait Time for Municipal Permits and Economic Cost of Housing Shortfalls in B.C.

 

Burnaby, BC, October 5, 2022 – As British Columbians prepare to head to the voting booth to elect representatives in municipal elections across the Province, the Canadian Home Builders’ Association of British Columbia’s (CHBA BC) Municipal Housing Supply and Benchmarking Study released today demonstrates how supply and demand imbalances have contributed to B.C.’s current housing crisis.

 

CHBA BC retained Altus Group Economic Consulting to research evidence of housing supply shortfalls in B.C. and the economic consequences of those shortfalls, both past and future. The study also examines municipal development applications timelines in 13 B.C. municipalities to understand the current capacities associated with housing approvals.

 

Read the full News Release Here.

Read the Backgrounder Here.

Read the full Altus Group Municipal Housing Supply and Benchmarking Study Here.

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