Peter Munk Centre for Free Enterprise Education
It takes 21 months (on average) for homebuilders to obtain building permits from Vancouver City Hall.
In today's budget, B.C. NDP Finance Minister Carole James said the government’s housing plan will be “comprehensive."
Across the Greater Golden Horseshoe it takes an average of 18 months to obtain a building permit.
In 2011, average rents were just over $1,000—in 2016, they jumped to $1,242.
Between 2011 and 2016, the city gained more than 116,000 new residents.
In the Greater Golden Horseshoe, per-unit building costs to comply with regulation amount to nearly $50,000.
It takes 21 months, on average, for Vancouver to approve housing projects compared to seven months in Burnaby.
Since sprawl is limited, to grow its housing supply, Toronto must build up.