B.C. has seen relatively low levels of capital investment in productivity-enhancing assets.
In Vancouver, it takes almost two years, on average, to obtain a building permit.
City hall should shorten approval timelines for building permits.
Rent control could devastate the rental market in Toronto.
If selling condos is more lucrative, that’s what property developers will do.
Long and uncertain building permit approval timelines make it more difficult to build in cities like Toronto.
Average house prices up almost 140 per cent in Calgary and more than 160 per cent in Edmonton.
Cities such as Vancouver and Toronto, with longer and less certain approval timelines, tended to see less growth in housing stock.
It’s impossible to achieve housing affordability unless the supply of new homes keeps up with demand.
If taxing foreign buyers affects demand for homes in some cities, where might that demand migrate to?