Development costs and regulations driving up home prices in Vancouver

Government regulations and development charges have driven up house prices in Metro Vancouver to the tune of $644,000 per new house, according to a new report from the C.D. Howe Institute.
The report shows that in Vancouver, after factoring in a profit for the developer, close to half of the price of a new detached home is due to government fees and regulations.
The report, released Tuesday, found the cost of barriers to housing supply in Canadian municipalities — such as zoning regulation