Peter Munk Centre for Free Enterprise Education
In today's budget, B.C. NDP Finance Minister Carole James said the government’s housing plan will be “comprehensive."
Metro Vancouver’s housing crunch exists primarily because there aren’t enough new homes getting built.
The price of homes—like the price of anything—is determined by both demand and supply.
Typically, secondary suites can be cheaper to rent than apartments.
Toronto, Vancouver and other high-demand cities should focus on getting more housing built, at a quicker pace.
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.