The federal government plans to spend billions on “affordable” housing over the next several years.
A recent report showed that Canada has fewer housing units per capita than any other G7 country.
In April, the average price for a home in Canada hit $723,500.
Vancouver is among the most unaffordable cities in the world.
The Horgan government plans to build 9,000 housing units for middle-income earners.
In the Greater Toronto Area, the detached housing market is hot while the market for apartments and condos is not.
The Agricultural Land Reserve accounts for 22 per cent of the land in Metro Vancouver.
Housing prices increased 111 per cent in Toronto and 82 per cent in Vancouver.
Between 2010 and 2019, home prices increased by 111 per cent in Toronto and 82 per cent in Vancouver.