Between 2011 and 2016, the city gained more than 116,000 new residents.
Labour market performance has been extremely weak since the last recession.
By capping rents, governments create a disincentive for prospective builders to construct new units.
The price of housing, like anything else, is determined by supply and demand.
Traffic congestion isn’t just a nuisance or environmental hazard—it’s also a significant economic harm.
Cities such as Vancouver and Toronto, with longer and less certain approval timelines, tended to see less growth in housing stock.
Regulatory red tape is resulting in fewer new homes than there otherwise would be with a growing pool of buyers, contributing to rising prices.
Encouraging home ownership may deter the labour mobility vital for a dynamic economy.
Restricting Greater Toronto’s housing supply has consequences beyond the initial impacts on housing affordability.