Historically low interest rates have enabled families to more than double their mortgage borrowing power since 2000.
In neighbouring Burnaby, it takes only a third the time it does in Vancouver to obtain a permit.
In Vancouver, it takes almost two years, on average, to obtain a building permit.
Toronto, Vancouver and other high-demand cities should focus on getting more housing built, at a quicker pace.
In 2016, average rents in Montreal were $835 a month compared to $1,242 in Toronto and just under $1,300 in Vancouver.
There's plenty of room to grow upwards by adding more homes within the city’s existing urban footprint.
Recently 1,000 units initially intended for the rental market have been converted into condo units.
Between 2000 and 2016, average mortgage interest rates fell by almost two-thirds.
Between 2011 and 2016, the city gained more than 116,000 new residents.