Housing, Tariffs and A Boring Fixed Price Contract
Canada faces two interrelated housing challenges: rising home prices that outpace incomes, making ownership unattainable for many, especially young Canadians, and a shortage of affordable rental options, leading to increased rent burdens and housing insecurity for lower-income households. These issues are intensified by the use of fixed-price contracts in affordable housing projects, which lock in costs at the outset. When tariffs or supply chain disruptions cause material prices to surge, contractors bear the financial risk, often resulting in project delays or cancellations.
Read more here on insights from John Fox of Robins Appleby, a law firm in Toronto.
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