The financial burden will likely fall disproportionately on younger lower-income residents looking to enter the housing market.
The country requires an estimated 5.8 million new homes to restore a semblance of affordability by 2030.
Population growth in the province has ballooned while homebuilding numbers remain virtually unchanged.
Energy efficiency mandates often fall short of achieving meaningful reductions in emissions.
Canada could see more than 80,000 construction-related job losses.
Calgary's rental vacancy rate for purpose-built rental units fell from 5.1 per cent to 2.7 per cent.
Vancouver's rental vacancy rate was just 1.2 per cent.
In April, the average price for a home in Canada hit $723,500.
Housing prices increased 111 per cent in Toronto and 82 per cent in Vancouver.
Between 2010 and 2019, home prices increased by 111 per cent in Toronto and 82 per cent in Vancouver.