The Wynne government almost exclusively targeted housing demand—not supply.
Metro Vancouver’s housing crunch exists primarily because there aren’t enough new homes getting built.
Between 2011 and 2016, the city gained more than 116,000 new residents.
According to new census data, population growth in Calgary has lagged behind the regional average.
Restricting Greater Toronto’s housing supply has consequences beyond the initial impacts on housing affordability.
With housing prices at an all-time high in Vancouver, there was a lot of buzz about the interim report of the Mayors Task Force on Housing Affordability. While the Task Force acknowledged the need to streamline and create more certainty and clarity in the regulatory process, the City of Vancouver will need to significantly reduce land-use restrictions and the regulatory burden on developers to truly help make housing more affordable.