B.C. has seen relatively low levels of capital investment in productivity-enhancing assets.
Cities that build more homes when they’re most needed tend to see less home-price volatility.
In reality, housing is a local issue that requires local solutions.
Average home prices are up almost 60 per cent in the GTA and 70 per cent in Metro Vancouver.
Cities with the strictest land-use regulations have the lowest rates of housing stock growth.
Once again, Calgary city council has raised property taxes beyond the rate of inflation. No surprise. Over the past seven years, only once, in 2007, has council approved a tax increase below Calgary’s inflation rate.