Toronto had 360 housing units per 1,000 residents in 2020, well below the national average of 424.
Toronto had 360 housing units per 1,000 residents in 2020, well below the national average of 424.
On average, it takes one-and-a-half years before builders can break ground in Toronto.
Seattle’s rental vacancy rate jumped to 5.4 per cent—five times that of the GTA.
Rezoning in Toronto takes more than half a year, on average.
The Wynne government almost exclusively targeted housing demand—not supply.
Ontario’s housing plan limits rent increases to 1.5 per cent annually.
Without the OMB as a scapegoat, councillors must now make tough decisions themselves.
Toronto, Vancouver and other high-demand cities should focus on getting more housing built, at a quicker pace.
In 2011, average rents were just over $1,000—in 2016, they jumped to $1,242.
Recently 1,000 units initially intended for the rental market have been converted into condo units.