Heavy-handed policies such as B.C.’s “speculation” tax target symptoms rather than causes.
It takes nearly two years, on average, to obtain building permits in Vancouver.
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.