It takes 21 months, on average, for Vancouver to approve housing projects compared to seven months in Burnaby.
Since sprawl is limited, to grow its housing supply, Toronto must build up.
Compliance costs and fees in Toronto are typically more than twice what they are in Hamilton.
To reduce the cost of housing in Vancouver, more units must be built.
Sharing best practices is an easy first step towards a more housing-friendly and affordable Lower Mainland.
By capping rents, governments create a disincentive for prospective builders to construct new units.
The price of housing, like anything else, is determined by supply and demand.
Victoria will offer cash to municipalities in exchange for easing the backlog of new housing unit approvals.
To enhance affordability, Queen’s Park and city halls across the Greater Toronto Area should reduce barriers to new homebuilding.