According to a report commissioned by the province, more than 115,000 new housing units were awaiting approval in six Metro Vancouver municipalities.
Developer fees comprised 13.2 per cent of municipal revenue in the City of Vancouver in 2016.
The owners of 67,000 lots currently zoned for single-family housing can now rebuild their homes as duplexes.
The imbalance between the number of available units and the number of would-be renters drives up rents.
Survey says large majorities of homeowners in Metro Vancouver and the Greater Toronto Area want housing prices to stop rising.
Osaka, Japan is 5.7 times more dense than Calgary.
Seattle’s rental vacancy rate jumped to 5.4 per cent—five times that of the GTA.
In the Greater Toronto Area, home prices are 50 per cent higher than they were during Ontario’s last election in 2014.
San Francisco has a comparable land area to Vancouver but accommodates roughly 30 per cent more residents.
Building permit approval timelines averaged almost 18 months in Toronto and 21 months in Vancouver.