It takes nearly two years, on average, to obtain building permits in Vancouver.
Metro Vancouver’s housing crunch exists primarily because there aren’t enough new homes getting built.
Between 2000 and 2016, average mortgage interest rates fell by almost two-thirds.
Long and uncertain permit timelines can have led to fewer new housing units being built in Vancouver.
The B.C. NDP wants to raise the province’s carbon tax to $50 per tonne.
Sharing best practices is an easy first step towards a more housing-friendly and affordable Lower Mainland.
Victoria will offer cash to municipalities in exchange for easing the backlog of new housing unit approvals.
In 2016, B.C. patients waited 25.2 weeks for medically necessary treatment after referral from a GP.
Cities such as Vancouver and Toronto, with longer and less certain approval timelines, tended to see less growth in housing stock.
This tax will add roughly $140,000 to a typical Greater Vancouver real estate transaction.