Insufficient supply relative to demand means fewer homes available to renters and buyers alike.
Cities with the strictest land-use regulations have the lowest rates of housing stock growth.
The province has a rental vacancy rate of 1.4 per cent.
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.
Both Toronto and Vancouver require at least one space per residential unit in most of the city.
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.