Among Canada’s largest metropolitan areas, the three with the fewest housing units per 1,000 were in Ontario.
The country's rental vacancy rate fell to 1.9 per cent—the lowest it’s been since 2001.
Calgary's rental vacancy rate for purpose-built rental units fell from 5.1 per cent to 2.7 per cent.
Toronto plans to overhaul zoning and housing approvals by early this year.
In the 1970s roughly one home was built annually for every 1.2 new Ontarians compared to 2.4 new Ontarians in the most recent decade.
The best way to increase housing affordability is to build more homes.
Toronto had 360 housing units per 1,000 residents in 2020, well below the national average of 424.
There are 360 homes for every 1,000 GTA residents—well below the Canadian average.
Vancouver is among the most unaffordable cities in the world.
The Horgan government plans to build 9,000 housing units for middle-income earners.