Peter Munk Centre for Free Enterprise Education
Brooklyn is as populous as Toronto but less than a third as large geographically.
Both New York and London are more than twice as dense as Toronto.
Typically, secondary suites can be cheaper to rent than apartments.
Historically low interest rates have enabled families to more than double their mortgage borrowing power since 2000.
In neighbouring Burnaby, it takes only a third the time it does in Vancouver to obtain a permit.
In Vancouver, it takes almost two years, on average, to obtain a building permit.
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.