At last count, the GTA rental vacancy rate was 1.1 per cent.
Horgan government will spend $492 million on 4,900 subsidized rental units.
On average, it takes one-and-a-half years before builders can break ground in Toronto.
Mayor-elect Kennedy Stewart wants to reach 85,000 new housing units over 10 years.
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.