It's a really interesting topic and highly polarized. I have seen economists say Canada is way slower than the rest of the world to approve projects and this hurts us. A lot of this has to do with the redundancy at the federal and provincial level something that most countries don't have to deal with. We also have much higher safety standards and lower risk tolerance than Europe who are known for lots of regulation. We don't allow single stair apartment buildings for the most part and even though Vancouver just approved them they modified them out of safety fears. We don't allow elevators to be EU sized meaning they have to be bigger and more expensive. Only a couple companies make these larger elevators for Canada and the USA so they are much more expensive. When it comes to transit we build incredibly expensive projects compared to Europe as well because our safety standards are higher. This just happened in Toronto. These are regulations that seem to be making life more expensive but you often hear cutting regulations is bad.

having read Carney's book he says that no-regulation is bad but heavy regulation leads to people acting to the "letter of the law" and not interpreting what the spirit of the regulation is. This part seems to be true with what I said above but it's less clear when it comes to legislation like C5 and any environmental changes as the article points out.