The Horgan government now says it will peg allowable rent increases to inflation, estimated at 2.5 per cent for 2019.
The owners of 67,000 lots currently zoned for single-family housing can now rebuild their homes as duplexes.
The imbalance between the number of available units and the number of would-be renters drives up rents.
Survey says large majorities of homeowners in Metro Vancouver and the Greater Toronto Area want housing prices to stop rising.
Seattle’s rental vacancy rate jumped to 5.4 per cent—five times that of the GTA.
Ride-hailing services are in high demand in B.C.’s Lower Mainland.
In the Greater Toronto Area, home prices are 50 per cent higher than they were during Ontario’s last election in 2014.
San Francisco has a comparable land area to Vancouver but accommodates roughly 30 per cent more residents.
The Wynne government almost exclusively targeted housing demand—not supply.
Home prices in the GTA have risen almost 50 per cent since the last provincial election in 2014.