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Vancouver’s latest policy on rental development—big bang, or more timid tinkering?
The more floors allowed in new projects, the more feasible they become. ...
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Rent control doesn’t help renters—but building more apartments does
Over the last 12 months, apartment building completions in Toronto reached a 25-year high. ...
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Politicians get rent relief—but what about the GTA's 700,000 renter households?
Appeared in the Toronto Sun, February 2, 2019 Escalating housing costs continue to squeeze Torontonians. With a vacancy rate of around 1 per cent, average rent prices in the GTA rose 4.9 per cent over the last year. Provincial politicians living in ...
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Fewer vacancies bad news for Montreal renters
Average rents grew by 2.5 per cent, amounting to about $30 more per month. ...
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B.C. government ‘task force’ misses key contributor to rental woes
The Horgan government’s “ Rental Housing Task Force ” set up in the spring to “advise on how to improve security and fairness for renters and rental housing providers” throughout British Columbia recently released its findings and ...
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New reports underscore renter woes in Toronto and beyond
In the Greater Toronto Area, monthly rents rose by $63, on average. ...
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Rather than help all renters, B.C. government picks a lucky few
The Horgan government recently announced plans to spend $492 million on the provision of 4,900 subsidized rental units in British Columbia over the next two to three years. There’s a clear need for units with below-market rents, and this ...
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Here’s how Mayor Tory can deliver on housing
Mayor John Tory received a huge vote of confidence Monday, receiving 63.5 per cent of the vote in Toronto’s municipal election, eclipsing the next most popular candidate by more than two-to-one. On one hand, this can be interpreted as an ...
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Horgan government rent-capping will likely hurt renters in the long run
Appeared in the Vancouver Province, October 3, 2018 In its latest move on the housing front, the Horgan government this week pegged annual rent increases to inflation (estimated at 2.5 per cent in 2019), citing affordability concerns in Metro Vancouver ...
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Rent control in B.C.—bad policy then, bad policy now
There are very few points upon which nearly all economists agree. So when more than 90 per cent of academic economists agree on something, policymakers should take note. For example, the vast majority of economists agree that rent ...