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.
Ontario’s housing plan limits rent increases to 1.5 per cent annually.
Without the OMB as a scapegoat, councillors must now make tough decisions themselves.
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.
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.