The profit motive is precisely what leads people to build the housing in the first place.
In cities such as Toronto and Vancouver, the move away from apartment construction and towards condos is already well underway.
When Ontario announced a modest reform earlier this year, groups lined up to defend rent control.
Over the last 12 months, apartment building completions in Toronto reached a 25-year high.
There’s a long path from a good idea to a successfully implemented policy.
Queen’s Park aims to boost the number of secondary suites including laneway homes and garage units.
Vancouver-area home prices are almost 65 per cent higher than five years ago.
Average rent prices in the GTA rose 4.9 per cent over the last year.
In the Greater Golden Horseshoe, approval timelines average one-and-a-half years.
In the Greater Toronto Area, monthly rents rose by $63, on average.