These fees reach tens of thousands of dollars per home in the housing-starved Lower Mainland.
Canada’s Growing Housing Gap: Comparing Population Growth and Housing Completions in Canada, 1972–2022
In Canada, "ground-oriented” housing is 31 per cent more expensive than before the pandemic.
B.C. has seen relatively low levels of capital investment in productivity-enhancing assets.
In Vancouver, it takes almost two years, on average, to obtain a building permit.
City hall should shorten approval timelines for building permits.
Rent control could devastate the rental market in Toronto.
If selling condos is more lucrative, that’s what property developers will do.
Long and uncertain building permit approval timelines make it more difficult to build in cities like Toronto.