Several barriers to homebuilders may leave buyers in Ontario out of the real estate market due to a lack of supply, a new Fraser Institute report says.

“The high cost of housing remains a major concern for Ontarians, and government barriers, both municipal and provincial, to home construction remain part of the problem,” said Steve Lafleur, senior fellow at the Fraser Institute.

“Despite recent positive policy shifts, substantial obstacles hinder housing development,” he wrote in his report, Barriers to Housing Supply in Ontario and the Greater Toronto Area.

Mr. Lafleur noted there were five main barriers for homebuilders.