Zoning rules have frustrated the city’s goal of increasing housing supply.
In Vancouver, it takes almost two years, on average, to obtain a building permit.
Between 2011 and 2016, the city gained more than 116,000 new residents.
In the Greater Golden Horseshoe, per-unit building costs to comply with regulation amount to nearly $50,000.
It takes 21 months, on average, for Vancouver to approve housing projects compared to seven months in Burnaby.
Since sprawl is limited, to grow its housing supply, Toronto must build up.
Compliance costs and fees in Toronto are typically more than twice what they are in Hamilton.
To reduce the cost of housing in Vancouver, more units must be built.
To enhance affordability, Queen’s Park and city halls across the Greater Toronto Area should reduce barriers to new homebuilding.