In 2016, average rents in Montreal were $835 a month compared to $1,242 in Toronto and just under $1,300 in Vancouver.
city hall permits
There's plenty of room to grow upwards by adding more homes within the city’s existing urban footprint.
According to new census data, population growth in Calgary has lagged behind the regional average.
Regulatory red tape is resulting in fewer new homes than there otherwise would be with a growing pool of buyers, contributing to rising prices.
It’s impossible to achieve housing affordability unless the supply of new homes keeps up with demand.
Demand-side forces are still at play regardless of the new tax on foreign buyers.
With or without foreign buyers, there’s strong demand for housing in the region.
Residential development approval timelines in four Capital Region municipalities average one year or longer
If it takes too long to get city hall’s approval for housing developments, the supply of new homes may lag behind demand.