Between 2010 and 2019, home prices increased by 111 per cent in Toronto and 82 per cent in Vancouver.
In the greater Toronto and Vancouver areas, rents keep rising and rental vacancies remain low.
Housing unit completions in B.C. have remained relatively flat over the last decade.
The situation in California has important implications for Canada’s least-affordable cities including Vancouver and Toronto.
The federal government recently committed $1.37 billion to two major rapid transit projects in Metro Vancouver.
There’s a long path from a good idea to a successfully implemented policy.
The proposal includes an open-ended zero-interest loan.
Over time, the main drivers of home prices are incomes and interest rates.