In today's budget, B.C. NDP Finance Minister Carole James said the government’s housing plan will be “comprehensive."
The price of homes—like the price of anything—is determined by both demand and supply.
Across the Greater Golden Horseshoe it takes an average of 18 months to obtain a building permit.
Historically low interest rates have enabled families to more than double their mortgage borrowing power since 2000.
From 2000 to 2014, the maximum mortgage for the average family grew by 126 per cent.
It costs an estimated $78,000 per unit to comply with building regulations in Vancouver.
Red tape has strangled housing supply growth in Toronto and Vancouver.
In light of public outcry, the B.C. government has tasked a committee to examine real estate practices such as flipping and shadow assignment.