To enhance affordability, Queen’s Park and city halls across the Greater Toronto Area should reduce barriers to new homebuilding.
Long and uncertain building permit approval timelines make it more difficult to build in cities like Toronto.
Despite Vancouver’s image as a city of glass towers, most of the city is zoned for single-dwelling housing.
It’s impossible to achieve housing affordability unless the supply of new homes keeps up with demand.
If taxing foreign buyers affects demand for homes in some cities, where might that demand migrate to?
In some major metropolitan areas in Canada, housing supply is not keeping up with demand.
Long and uncertain approval timelines for building permits are helping slow growth of housing stock in Vancouver.