Peter Munk Centre for Free Enterprise Education
It takes 21 months (on average) for homebuilders to obtain building permits from Vancouver City Hall.
Historically low interest rates have enabled families to more than double their mortgage borrowing power since 2000.
In neighbouring Burnaby, it takes only a third the time it does in Vancouver to obtain a permit.
In Vancouver, it takes almost two years, on average, to obtain a building permit.
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.
Long and uncertain permit timelines can have led to fewer new housing units being built in Vancouver.