Housing challenge is also an Infrastructure Challenge: FCM
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New research commissioned by the Federation of Canadian Municipalities (FCM) estimates that, on average acress the country, the cost of the municipal infrastructure required to support new housing is in the range of $107,000 per home.
When considering the 5.8 million homes that the federal and provincial goverments are directing municipalities to approve by 2030, the scale of the gap could reach an equivalent of $600 billion in municipal infrastructure investment.
