Peter Munk Centre for Free Enterprise Education
In neighbouring Burnaby, it takes only a third the time it does in Vancouver to obtain a permit.
Toronto, Vancouver and other high-demand cities should focus on getting more housing built, at a quicker pace.
In 2016, average rents in Montreal were $835 a month compared to $1,242 in Toronto and just under $1,300 in Vancouver.
There's plenty of room to grow upwards by adding more homes within the city’s existing urban footprint.
It costs an estimated $78,000 per unit to comply with building regulations in Vancouver.