Peter Munk Centre for Free Enterprise Education
It takes 21 months (on average) for homebuilders to obtain building permits from Vancouver City Hall.
Metro Vancouver’s housing crunch exists primarily because there aren’t enough new homes getting built.
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.
Between 2000 and 2016, average mortgage interest rates fell by almost two-thirds.
Between 2011 and 2016, the city gained more than 116,000 new residents.
It costs an estimated $78,000 per unit to comply with building regulations in Vancouver.