Heavy-handed policies such as B.C.’s “speculation” tax target symptoms rather than causes.
It takes 21 months (on average) for homebuilders to obtain building permits from Vancouver City Hall.
In today's budget, B.C. NDP Finance Minister Carole James said the government’s housing plan will be “comprehensive."
Metro Vancouver’s housing crunch exists primarily because there aren’t enough new homes getting built.
Historically low interest rates have enabled families to more than double their mortgage borrowing power since 2000.
Rent control could devastate the rental market in Toronto.
From 2000 to 2014, the maximum mortgage for the average family grew by 126 per cent.
Council and community groups represent strongest deterrent to homebuilding in Toronto.
Regulatory red tape is resulting in fewer new homes than there otherwise would be with a growing pool of buyers, contributing to rising prices.
Demand-side forces are still at play regardless of the new tax on foreign buyers.