According to new census data, population growth in Calgary has lagged behind the regional average.
Despite Vancouver’s image as a city of glass towers, most of the city is zoned for single-dwelling housing.
Boosting demand for a good without also boosting its supply puts upward pressure on prices.
Council and community groups represent strongest deterrent to homebuilding in Toronto.
Average house prices up almost 140 per cent in Calgary and more than 160 per cent in Edmonton.
Cities such as Vancouver and Toronto, with longer and less certain approval timelines, tended to see less growth in housing stock.
Affordability in Toronto has eroded to an all-time low, with prices jumping by more than 50 per cent in the past five years.
Regulatory red tape is resulting in fewer new homes than there otherwise would be with a growing pool of buyers, contributing to rising prices.