Residents in unsubsidized units will pay more so residents in subsidized units pay less.
Average rents grew by 2.5 per cent, amounting to about $30 more per month.
In the Greater Golden Horseshoe, approval timelines average one-and-a-half years.
More than 80 per cent of Canadians live in towns, cities and suburbs.
Mayor-elect Kennedy Stewart wants to reach 85,000 new housing units over 10 years.
The cost of buying and renting is driven upward by a scarcity of available homes.
The owners of 67,000 lots currently zoned for single-family housing can now rebuild their homes as duplexes.
Ride-hailing services are in high demand in B.C.’s Lower Mainland.
In the Greater Toronto Area, home prices are 50 per cent higher than they were during Ontario’s last election in 2014.
San Francisco has a comparable land area to Vancouver but accommodates roughly 30 per cent more residents.