Survey says large majorities of homeowners in Metro Vancouver and the Greater Toronto Area want housing prices to stop rising.
Seattle’s rental vacancy rate jumped to 5.4 per cent—five times that of the GTA.
Heavy-handed policies such as B.C.’s “speculation” tax target symptoms rather than causes.
In 2016, average rents in Montreal were $835 a month compared to $1,242 in Toronto and just under $1,300 in Vancouver.
Uninsured mortgages already require a minimum of 20 per cent down of a property’s value.
From 2000 to 2014, the maximum mortgage for the average family grew by 126 per cent.
Long and uncertain permit timelines can have led to fewer new housing units being built in Vancouver.
According to new census data, population growth in Calgary has lagged behind the regional average.
Boosting demand for a good without also boosting its supply puts upward pressure on prices.