The price of housing, like anything else, is determined by supply and demand.
Victoria will offer cash to municipalities in exchange for easing the backlog of new housing unit approvals.
To enhance affordability, Queen’s Park and city halls across the Greater Toronto Area should reduce barriers to new homebuilding.
According to new census data, population growth in Calgary has lagged behind the regional average.
Despite Vancouver’s image as a city of glass towers, most of the city is zoned for single-dwelling housing.
Boosting demand for a good without also boosting its supply puts upward pressure on prices.
Council and community groups represent strongest deterrent to homebuilding in Toronto.
Average house prices up almost 140 per cent in Calgary and more than 160 per cent in Edmonton.
Cities such as Vancouver and Toronto, with longer and less certain approval timelines, tended to see less growth in housing stock.