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OPINION: Ottawa’s energy-efficiency standards will increase home prices in B.C.

New housing isn’t keeping up with B.C. population growth and energy standards won’t help
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Construction workers building a home in the Latimer neighbourhood of Langley. (Matthew Claxton/Langley Advance Times)

By Tegan Hill and Elmira Aliakbari

British Columbians face a housing crisis—that’s not breaking news. But now, new federal regulations aimed at “decarbonizing” the building sector will push housing prices in the province even higher with very little environmental benefit.

Specifically, according to Ottawa, new residential homes must now “use 61 per cent less energy by 2025 and 65 per cent less energy by 2030 in comparison to 2019.”

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