Every new home built requires $100,000 in infrastructure spending: report ...Middle East

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Every new home built requires $100,000 in infrastructure spending: report
As Canada aims to build homes faster, both the public and private sectors will need to boost spending on municipal infrastructure, a new report from the Canadian Urban Institute says. The report, funded by the Canada Infrastructure Bank, estimated the average cost of infrastructure needed to support housing likely exceeds $100,000 for each newly built home. That includes funding for resources such as public transit, roads, water lines, schools, fire halls or recreational facilities. The total cost of housing-related infrastructure doesn’t constitute an “immediate price tag,” said report author Michael Fenn, Ontario’s former deputy minister of municipal affairs and housing. But he said comi

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